Brazilian Real Weakens To Near 3-month Low Against U.S. Dollar
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23天前
(RTTNews) - The Brazilian real weakened against the U.S. dollar in the New York session on Friday.
The Brazilian real dropped to near a 3-month low of 5.83 against the greenback from yesterday's close of 5.78. The next possible downside target for the currency is seen around the 5.85 level.
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U.S. Dollar Falls Amid Risk Appetite
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
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