The Brazilian currency was affected by a new wave of risk aversion after U.S. President Barack Obama proposed new regulations for financial instituitions in the country, raising concerns among traders that avoided emerging markets this Thursday.
Emerging market currencies like the real ranked among the worst performers today after a White House statement indicating that banks in the U.S. are likely to follow a tighter police regarding its financial transactions and investments, declining risk appetite and forcing traders to opt for safer bets in currency markets.
USD/BRL closed today at 1.8025, the lowest rate in 4 months from an opening rate of 1.7895.
If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.
No comments:
Post a Comment