The retail sales in the U.S. declined 0.5 percent in June, compared to the median forecast of 0.2 percent decrease. The Standard & Poor’s 500 Index went down 0.2 percent. The fears that the global recovery may slow caused the investors to shun the higher-yielding currencies.
EUR/BRL traded at 2.2604 as of 10:47 GMT today after it opened at 2.2455. USD/BRL went down to about 1.7600 from its opening level of 1.7630.
If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Brazilian Real:
Brazilian Real Drops as Mantega Curbs Appreciation (2010-06-23)Fears of European Crisis Hurt Brazilian Real (2010-06-07)Brazilian Real Bolstered by Favorable U.S. Economic Data (2010-06-02)Brazilian Real Declines After Appreciation (2010-05-28)EU Crisis Saps Brazilian Real of Its Strength (2010-05-18)This entry was postedon Thursday, July 15th, 2010 at 12:47 pmand is filed under Brazilian Real.You can follow any responses to this entry through the RSS 2.0 feed.You can skip to the end and leave a response. Pinging is currently not allowed. Leave a Reply
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