The Brazilian report had a rebound towards the end of the week after U.S. employment conditions start to show small but essential signs of recovery, suggesting that one of Brazil’s most important trading partners is on the way out of recession.
After losing more than 5 percent in the end of the past week and in the beginning of the current one, Brazil’s real found support in renewed optimism as stocks improved and fewer jobs were cut in the U.S. in the month of August, suggesting that the world’s wealthiest country is recovery, which attracted investors to return to high-yielding options.
USD/BRL traded at 1.8555 as of 20:07 GMT from an opening rate of 1.8675.
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