USD/BRL — News Archive

Brazilian Real Gains on Hopes for New Finance Minister

The Brazilian real advanced today on hopes that the former Treasury Secretary Joaquim Levy will become the new finance minister and will help the country to deal with the current economic problems.

Brazilian Real Falls as Finance Minister Not Named Yet

The Brazilian real fell as President Dilma Rousseff has not yet announced a person who will take the finance minister seat. This added to concerns that Brazil will struggle to overcome problems that its economy has.

Woes of Brazilian Real Continue

The Brazilian real continues to experience weakness. Today’s drop is a result of worse-than-expected macroeconomic data. Concerns about the government’s ability to tackle fiscal challenges, which the country is enduring, also played their role

Real Falls as Rousseff Wants to Ease Fiscal Rules, Recovers

The Brazilian real gained today after the earlier decline. The currency fell earlier as President Dilma Rousseff wanted to ease fiscal rules. Such measure will reduce the budget deficit that reached the highest level in more than a decade.

Brazilian Real Jumps After Central Bank Surprises

The Brazilian real jumped today following yesterday’s surprise interest rate hike from Brazil’s central bank. Such decision resulted in speculations that additional rate increases may happen in the future.

Brazilian Real Bounces on Hopes for Economic Reforms

The Brazilian real gained today on the outlook for monetary policy and hopes that the newly reelected President will form a government able to address financial issues of the country.

Brazilian Real Down to Five-Year Low

The Brazilian real dropped today, falling for the fourth consecutive trading session and reaching the lowest level in five years against the US dollar, as the outcome of the presidential elections remains uncertain.

Brazilian Real Retains Weakness During Election Week

The Brazilian real fell today due to uncertainty about the outcome of the presidential elections that are scheduled to October 26. Current polls show that the incumbent President Dilma Rousseff has more voters, and this is not welcomed by investors.

Brazilian Real Retains Weakness Ahead of Election

The Brazilian real fell today as concerns about the outcome of the presidential elections deter investors from buying the currency, especially considering that the current geopolitical situation in the world does not encourage to buy riskier assets.

Brazilian Real Ends Session with Losses

The Brazilian real ended today’s session with losses due to concerns that a new president will not be able to form a strong enough government to tackle country’s economic problem. The general risk-negative market sentiment also did not play in favor of the currency.

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