Subscribe for updates!

Search this blog..

Top Stories of the week

Brazil's currency stays near 7-year high

Posted in :

(added few years ago!)

Brazil's currency held near a seven- year high Wednesday before an expected rate cut by the central bank. ''Lower interest rates will support the real because it will attract foreign capital to short-term fixed-income assets,'' said Tony Volpon of CM Capital Markets. The real was little changed at 1.8595 per dollar after earlier touching 1.8520 per dollar, the highest since October 2000. The real has gained 15 percent against the dollar this year.

Related Posts

» Foreign currency non-resident term deposit rates up

» Banks enter sprint-race to prepare for new foreign currency position policy

» Currency market outlook from India Forex

» Currency News Unveils Plans For 2013 International Coin Conference

» In Currency Market, All Eyes on Central Banks

» Yes, the loonie is a commodity currency: Here’s proof

» Worst Africa Currency Seen Losing 9% by Standard Bank on Imports

» Singapore GDP Rebounding Prompts Faster Currency Gains

(added few years ago!) / 138 views