Real Rebounds on Brazilian Stock Market

After a week of losses versus most of the main traded currencies in foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets.

The Brazilian real gained today versus the yen and the U.S. dollar as demand for commodities and optimism regarding the nation’s economy allowed the South American currency to revert a negative trend that lasted five consecutive days. A great sum of capital inflows to Brazilian stocks also influenced on the good performance of the real this Monday.

USD/BRL traded at 1.7661 as of 19:54 GMT from an opening rate of 1.7715.

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