forex trading outlook today - Brazil currency traded stronger december 5 2011 : Brazil's currency traded stronger at the open Monday as Europe made progress in its fight against the ongoing sovereign-debt crisis, while the real also got a boost from tax cuts enacted last week that are expected to boost investor inflows.
The Brazilian real opened trading at BRL1.7802 to the dollar, according to Tullett Prebon via FactSet. That was stronger from Friday's close at BRL1.7914 to the dollar.
While moves last week by Brazil's government to boost economic activity in Latin America's largest economy will help improve local fundamentals, investors are still casting a wary eye toward troubles in Europe. Italy is the latest euro-zone member to have its finances come under scrutiny, with a deal on austerity measures reached late Sunday the latest move to enthuse markets. Interest rates on Italian debt, which had surged in recent weeks, decreased on the announcement.
The Brazilian real opened trading at BRL1.7802 to the dollar, according to Tullett Prebon via FactSet. That was stronger from Friday's close at BRL1.7914 to the dollar.
While moves last week by Brazil's government to boost economic activity in Latin America's largest economy will help improve local fundamentals, investors are still casting a wary eye toward troubles in Europe. Italy is the latest euro-zone member to have its finances come under scrutiny, with a deal on austerity measures reached late Sunday the latest move to enthuse markets. Interest rates on Italian debt, which had surged in recent weeks, decreased on the announcement.
No comments:
Post a Comment