The Brazilian real rallied for the third consecutive session today, though the rally caused concerns among traders about potential intervention from the nation’s central bank.
The real has gained about 6% since the Monday’s close. Intraday, the currency jumped above 3.2 per dollar for the first time in almost a year. Market analysts speculated that the strong rally may prompt the Central Bank of Brazil to curb the excessive appreciation.
USD/BRL went down 0.43% to 3.2069 as of 18:58 GMT today.
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