The Brazilian currency posted a second day of losses versus the greenback as the national current account showed worse than expected data for the month of June, damping demand for the real in international markets.
The Brazilian real lost today as the trade surplus for the month of June came with less optimistic numbers as estimated by most of the economists, adding concerns about the economic recovery of South America’s wealthiest nation. The real was also affected by a higher attractiveness towards the U.S. dollar, as demand for safety grew in currency markets this week.
USD/BRL traded at 1.8976 as of 18:10 GMT from a previous rate of 1.8810 in the intraday comparison.
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