Domestic and International events brought the Brazilian currency down today after touching the highest rate in one year last week, suffering the consequences of corrective movements in trading markets combined with a degree of pessimism.The Brazilian real declined today after the trade surplus target was lowered by the country’s government, suggesting that the global economic situation is still influencing negatively on the demand for South American products, causing the real to lose almost 1 percent versus the greenback in the end of today’s session.
USD/BRL closed today’s session at 1.8143 from an opening price of 1.8093.
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