The Brazilian real continued to gain versus the greenback today as renewed demand for Brazilian products helped the national stocks to gain, adding confidence to the real’s outlook.
The Brazilian currency is one of the best performing this year versus the U.S. gaining more than 20 percent since January, and today, the account trade surplus helped the real to continue its longest streak versus the greenback, as demand for national products grow globally, and economies around the world start to improve. The real is also gaining this month versus the euro, the pound and the yen, being one of the most recommended bets by currency specialists.
USD/BRL traded at 1.8849 as of 19:01 GMT from a previous rate of 1.8965 last Friday.
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