Day: January 31, 2010

Brazilian Real Posts Weekly Drop on Chinese Demand

The Brazilian real, ranked as the best performing currency in foreign-exchange markets during the past year, posted another weekly drop and ended the month losing versus most of the main traded currencies as appeal for Brazilian raw materials declined on renewed risk aversion. The Brazilian currency reached the lowest rate in 2010 versus the U.S. dollar this Friday as both international and national scenarios provided traders with pessimistic news that fueled an exodus of capital […]