The Brazilian real declined today slightly, after three consecutive days performing positively, as U.S. jobless claims posted an unexpected rise, damping demand for emergent-market currencies.
After climbing on national unemployment data, which dropped to 8 percent in July from 8.1 in June, the Brazilian currency was affected by overseas job figures, as a U.S. report indicated that more unemployed people filed for benefits in July, proving economists expectations false and decreasing attractiveness for emergent market currencies in Latin America, including the real.
USD/BRL traded at 1.8501 as of 19:37 GMT from an opening rate today in Sao Paulo of 1.8280.
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- August 20, 2009
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