Brazilian Real Hits More Than 2-week Low Against U.S. Dollar
May 27 2016 - 6:30AM
RTTF2
The Brazilian Real lost ground against the U.S. dollar in New
York trading on Friday, on the back of falling oil prices, as well
as on concerns about the ability of Acting President Michel Temer
to implement policy measures.
The Brazilian Real declined to more than a 2-week low of 3.6289
against the greenback, compared to Thursday's closing value of
3.5817. The Brazilian Real may find support around the 3.75
mark.
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