The Brazilian real posted another negative session today as movements in the central bank led traders to speculate that further measures will be taken to halt the real’s rally, which already rose 34 percent versus the greenback this year.
After a central banker was transferred to the Brazilian Finance Ministry yesterday, concerns rose that both federal institutions are likely to coordinate further measures to control the real’s rally, forcing the Brazilian currency down in
USD/BRL traded at 1.7365 as of 19:03 GMT from an opening rate today of 1.7240.
If you have any questions, comments or opinions regarding the Brazilian Real,
feel free to post them using the commentary form below.
Be First to Comment