Brazilian Real Declines on U.S. Jobs Data

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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