The Brazilian real rose today after Brazil’s central bank raised the Selic rate yesterday, extending the string of rate increases. The increase was smaller than last month’s one, leading to concerns that the central bank will pause rate hikes. Still, the nation’s economy looks good, meaning that Brazil’s currency is still attractive to overseas investors.
USD/BRL — News Archive
February 27th, 2014 at 16:48
February 10th, 2014 at 17:03
The Brazilian real dropped today as the decline of commodity prices damped demand for currencies of export oriented economies. Brazil’s fiscal problems were also affecting the real’s performance negatively.
January 23rd, 2014 at 19:54
The Brazilian real fell today even though the nation’s central bank will likely continue raising interest rates to combat growing inflation. This is an unusual stance among central banks, especially in emerging economies, which prefer monetary easing, not tightening.
January 14th, 2014 at 17:00
The Brazilian real weakened today on concerns that the US Federal Reserve will continue reducing the size of its asset purchases. Earlier, the currency advanced as the Brazilian central bank started a two-day policy meeting.
December 23rd, 2013 at 21:27
The Brazilian real rose today on speculations that the central bank will support the currency after the recent decline that followed the US Federal Reserve’s policy announcement.
December 13th, 2013 at 16:56
The Brazilian real was fluctuating between gains and losses today as traders were weighing chances of US Federal Reserve stimulus tapering against prospects for an intervention from the Brazilian central bank. The currency trades below the opening level as of now.
November 21st, 2013 at 13:08
The Brazilian real fell today even after unemployment fell, leading to speculations about probable interest rate hike. Concerns about the budget deficit did not allow the currency to profit from the good news.
November 14th, 2013 at 18:25
The Brazilian real managed to gain on the US dollar today even as economic indicators in Brazil were not supportive and led to speculations that the central bank will be limited in its ability to raise interest rates.
October 03rd, 2013 at 16:51
The Brazilian real weakened today after Moody’s Investor Service maintained Brazil’s government bond rating, but changed the outlook from positive to stable.
September 27th, 2013 at 17:16
The Brazilian real fell today as US budget impasse led to nervousness among Forex traders and unwillingness to buy riskier assets of emerging economies. The currency was soft despite the efforts of the central bank.