Brazilian Real Falls To Near 2-month Low Against U.S. Dollar
November 10 2016 - 4:12AM
RTTF2
The Brazilian Real declined against the U.S. dollar in the
European session on Thursday, amid uncertainty over the nation's
trade relationship with the U.S. following Trump's victory.
Preliminary data from IBGE showed that Brazil's retail sales
decreased for a third straight month in September and at a
faster-than-expected pace.
Retail sales fell a seasonally adjusted 1 percent from August,
when they dropped 0.8 percent. Economists had forecast a 0.7
percent fall.
The Brazilian currency fell to near a 2-month of 3.3092 against
the greenback from Wednesday's closing value of 3.2167. The
Brazilian currency may find support around the 3.4 mark.
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