Brazilian Real Slides To 2-month Low Against U.S. Dollar
September 12 2016 - 06:01AM
RTTF2
The Brazilian Real lost ground against the U.S. dollar in
European deals on Monday amid political uncertainty, as supporters
of the ousted President marched through Sao Paulo demanding an end
to the coup regime and calling for new election.
Sunday's rally and march was the latest in a series of public
events protesting against new Brazilian President Michel Temer
after the ouster of Dilma Rousseff in an impeachment trial.
The Brazilian Real slipped to a 2-month low of 3.3074 against
the greenback, compared to Friday's closing value of 3.2730. On the
downside, the Real may find support around the 3.4 mark.
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