Brazilian Real Slides To 2-day Low Against U.S. Dollar
November 12 2015 - 2:44AM
RTTF2
Reversing direction, the Brazilian Real drifted lower against
the U.S. dollar in European deals on Thursday, as the later firmed
ahead of Fed speeches.
The Fed Chair Janet Yellen is due to speak at a Fed conference
on post-crisis monetary policy in Washington at 9:30 am ET, with
investors awaiting more clues about a potential rate hike in
December.
The Brazilian Real declined to a 2-day low of 3.7958 against the
greenback, down from an early high of 3.7425. The real is likely to
find support around the 3.9 zone.
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