Brazilian Real Slides To Near 4-month Low Against U.S. Dollar
January 21 2016 - 2:16AM
RTTF2
The Brazilian Real lost ground against the U.S. dollar in
European deals on Thursday, as sell-off in emerging market stocks
deepened following the oil rout, and Chinese shares succumbed to
selling pressure despite liquidity injection by the central
bank.
The Brazilian Real hit 4.1719 against the greenback, its weakest
since September 24, 2015. The next possible downside target for the
Brazilian Real is seen around the 4.2 zone. The pair was worth
4.0966 when it ended Wednesday's trading.
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