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Brazilian Real BRL

 

Detailed information and fundamental factors

Central Bank: Banco Central do Brasil

Interest Rate: 5.00%

Public Debt to GDP Ratio, 2017: 78.4%

Trade Balance, 2018: $9.9 bln.

Inflation, 2018: 3.7%

Sovereign Credit Ratings:

Fitch
BB-
Stable
Moody's
Ba2
Negative
S&P
BB-
Stable

Supporting Factors

Major commodity exporter

medium

High-yielding interest rates

strong

Factors of Weakness

Political instability

weak

High-risk emerging market

weak

The Brazilian real is the currency officially used in Brazil, while sometimes also used in bordering countries. The modern real was implemented in 1994, replacing the old currency. Brazil has the biggest economy among Latin America nations and the second biggest in the western hemisphere. Its fast growth benefits the real.



Brazilian Real News Archive

Real Drops After Central Bank Cuts Interest Rate to Record Low

The Brazilian real dropped against the US dollar today after Brazil’s central bank cut its benchmark Selic rate to a record low yesterday.

Brazilian Real Gains on US Dollar After Services PMI Report

The Brazilian real gained on the US dollar today. And while the greenback was soft by itself, domestic macroeconomic data also helped Brazil’s currency.

Brazilian Real Gains on US Dollar Despite Deteriorating Industrial Production

The Brazilian real managed to gain on the US dollar today. That is despite the fact that Brazil’s industrial production continued to decline last month.

Brazilian Real Higher After Interest Rate Cut

The Brazilian real rallied against the US dollar today after the Federal Reserve released a dovish policy statement and Brazil’s central bank cut its key interest rate.

Brazilian Real Sinks as Political Scandal Emerges

The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe.

Real Falls vs. Dollar, Brazil’s Officials Unconcerned

The Brazilian real fell against the US dollar today, but Brazil’s officials were not concerned by the dollar’s strength, thinking that there are plenty supportive fundamentals for the Brazilian currency.

Brazilian Real Gains on US Dollar Despite Monetary Easing

The Brazilian real, like most other currencies, rallied against the US dollar today despite monetary easing from Brazil’s central bank.

Interest Rate Hike Doesn’t Help Mexican Peso

The central bank of Mexico raised interest rates on Thursday, but the market demonstrated limited reaction to the news. The Mexican peso fell during Friday’s Asian trading session, continued to be driven by concerns about the US presidential elections.

Brazilian Real Gains vs. US Dollar During Tuesday’s Trading

The Brazilian real rose against the US dollar today even though experts are expecting that the Central Bank of Brazil is going to cut interest rates in October.

Brazilian Real Jumps vs. US Dollar

The Brazilian real jumped as much as 2% versus the US dollar today as Brazil’s central bank refrained from intervening in markets to support the currency while the government showed willingness to embark on fiscal austerity.

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