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Brazilian Real Gains Despite Dovish Outlook

November 30, 2011 at 13:54 by Vladimir Vyun

Brazilian RealThe Brazilian real gained today despite the speculation that the central bank will be forced to cut the interest rates further as the global economic growth stalls.

China decreased the required amount of cash that banks should keep as reserves. Economists think that the most likely reason for such decision is the concern that the slowing world economy will hurt the nation’s exports. That’s just one of the signs that China expects slower economic growth and that’s bad for real as the Asian nation is biggest trading partner of Brazil. The expectations of slower growth triggered talks that the Brazilian central bank will be forced to cut its interest rates further.

USD/BRL fell from 1.8466 to 1.8053 as of 12:53 GMT today.

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

One Response to “Brazilian Real Gains Despite Dovish Outlook”

  1. João

    Should I ver out of the Euro André buy Brazilian Real?
    João Xabregas

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