The monetary unit of Latin America’s largest economy endured losses on Monday against the U.S. dollar for the first time in five days, Bloomberg reports.
The Brazilian real marked its top gains in roughly one week on Tuesday against the U.S. dollar after a credit rating service noted development in the South American nation should be lower than 2 percent, according to Bloomberg.
The Brazilian real slumped to its lowest value in roughly four months against the world’s reserve currency on Thursday, according to Bloomberg.
The Brazilian real fell from its two-week height on Thursday against the U.S. dollar after Moody’s Investors Service slashed the credit rating of the South American nation, Bloomberg reports.
The Brazilian real on Tuesday dove to its four-plus-year lows against the world’s reserve currency on Tuesday amid worries about surging inflation caused by losses to the currency, Bloomberg reports.
The Brazilian real on Friday slipped against the world’s reserve currency after the South American nation’s efforts to stop capital outflows were ineffective, Bloomberg reports.
Coffee futures on Monday were dropping in value as the globe’s top generator of the soft commodity saw its harvest continue advancing, according to Bloomberg.
The Brazilian real edged higher in value against the U.S. dollar on Wednesday after the government of the South American nation eliminated a 6 percent tax applied to international investors’ purchase of bonds, Bloomberg reports.
Speculation about strong supplies dragged down coffee futures on Wednesday as the soft commodity plunged to its lowest value in more than 36 months, according to Bloomberg.
Indications about worldwide supplies remaining strong pulled down coffee futures on Tuesday, according to Bloomberg. Exports are driving higher from both Vietnam and Brazil, two strong growers of the soft commodity. The Asian nation is the globe's largest shipper of robusta beans while the South American nation is the world's top supplier of arabica beans. "Heavy… Read more.