The Brazilian currency had its most negative performance in more than a month, making it the biggest loser this week among the 16 most traded currencies, as stocks declined worldwide.
Grim numbers reflecting U.S. consumer confidence pushed stocks down this Friday after already negative reports in Europe influenced the markets earlier, making investors to purchase safer assets towards the end of this week’s session, punishing Latin American currencies like the Brazilian Real and the Colombian peso. Despite this week’s performance, the real remains the best performer among the main currencies in 2009.
USD/BRL traded at 1.8462 as of 20:17 GMT from a previous rate of 1.8223 in the beginning of the day.
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.
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