Brazilian Real Ends Losing Streak on Global Optimism
Saturday, November 14th, 2009After speculations suggesting that the Brazilian currency will suffer further interventions from the national central bank to stop is rally, the real had a negative performance this week that only ended today after global optimism rose attractiveness for assets in emergent markets.
Brazilian Real Down on Intervention Talks
Thursday, November 12th, 2009The 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.
Brazilian Real Rises on G-20 Stimulus
Monday, November 9th, 2009The Brazilian real was one of the most benefit currencies today with the Group of 20 statement indicating that stimulus measures to support the global economic recovery will be extended, increasing risk appetite among traders today that opted for assets in emergent markets.
Brazilian Real Gains Sharply on Risk Demand
Saturday, November 7th, 2009The Brazilian real had one of the best weeks in more than 2 months as demand for commodities and emergent markets assets rose globally, maintaining the real as the best performing currency in 2009 among the 16 main traded ones in
Brazilian Real Extends Gains on Domestic Optimism
Wednesday, November 4th, 2009Several reasons are providing support for the Brazilian currency to extend this week’s gains as risk appetite rose today increasing demand for commodities, injecting money in Latin American stocks, consequently adding confidence towards the real’s outlook.
Brazilian Real Gains as Stocks Rebound
Wednesday, November 4th, 2009After posting the sharpest fall in 8 months in the beginning of this week, Brazilian stocks rebounded this Tuesday, providing support for the real to gain versus most of the 16 main traded currencies in
Brazilian Real Rebounds on Domestic and Global Optimism
Friday, October 30th, 2009The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback down versus most of the 16 main traded currencies.
Intervention Fears Set Brazilian Real Down
Monday, October 26th, 2009The Brazilian real, ranking among the best performers in currency markets this year with the Australian and New Zealand dollar, experienced another day of losses as the government may take further action to halt the current national currency rally.
Brazil Real Rebounds on Optimism
Thursday, October 22nd, 2009The Brazilian real posted sharp gains today after several negative sessions on speculations that the country’s economic strength will induce central bankers to raise interest rates in the country, attracting more foreign investors.
Brazilian Real Declines on Central Bank Desperate Measure
Wednesday, October 21st, 2009The Brazilian real has been the best performing currency among the 16 more traded in foreign-exchange markets this year, and after a central bank measure to tax foreign investment on stocks and bonds to curb the currency’s rally, the real fell today.
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