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Brazil Real Remains Near 2010 Record Low

January 26, 2010 at 2:50 by Jan Baros

Brazilian RealThe Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week.

Brazil is one of the main metallic commodity exporters in the world, and uncertainty brought by U.S. and Chinese statements regarding new financial regulations for loans in both countries still impacted market sentiment today, decreasing demand for raw materials and riskier assets globally, forcing the real to trade near the lowest price in 2010 reached last Friday.

USD/BRL closed today at 1.8240 from an opening rate of 1.8155.

If you have any questions, comments, or opinions regarding the Brazilian Real, feel free to post them using the commentary form below.

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