The Brazilian real slid today as the widening crisis in the European Union caused pessimistic outlook for the global economic recovery and made the investors’ sentiment shift towards the risk aversion.
The concern about the possible decreasing quality of the banks’ bonds holdings in the
EUR/BRL traded near 2.2332 today as of 10:15 GMT after opening at 2.2301. USD/BRL traded at its opening level of 1.8010
If you have any questions, comments or opinions regarding the Brazilian Real,
feel free to post them using the commentary form below.
- admin_mm
- May 18, 2010
- zero comment