The Brazilian Real drifted lower against the U.S. dollar in early New York trading on Monday, amid speculation of possible intervention by the Central Bank of Brazil to stem the real's appreciation.

The Brazilian currency that ended last week's trading at 3.2351 against the greenback weakened to a 5-day low of 3.2548. On the downside, 3.4 is likely seen as the next support level for the Real.

US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Apr 2022 to May 2022 Click Here for more US Dollar vs BRL Charts.
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From May 2021 to May 2022 Click Here for more US Dollar vs BRL Charts.