The Brazilian real continue to set new record highs for 2009 today as risk appetite emerged influenced by a Australian central bank decision to raise its benchmark interest rates, fact which was interpreted as an evident sign of economic improvement globally.
The Brazilian currency strengthened beyond $1.75 today versus the U.S. dollar, rate which was only perceived last year prior the global slump worst moments in the second semester of that year. Commodities and stocks also rose, attracting investors back to emergent markets and decreasing attractiveness for the U.S. dollar.
USD/BRL closed today’s session trading at 1.7598 in Sao Paulo.
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