empty
 
 

15.05.202617:29:28UTC+00Brazilian Real Retreats from Two-Year High

The Brazilian real depreciated to 5.07 per USD in mid-May, retreating sharply from the two-year high of 4.89 reached earlier in the month. The decline followed reports alleging links between Senator Flávio Bolsonaro — a candidate in Brazil’s October presidential election — and Daniel Vorcaro, the owner of failed lender Banco Master, who has been charged with fraud. Investors judged that the accusations could erode Bolsonaro’s candidacy, currently seen as the main challenger to President Luiz Inácio Lula da Silva. Externally, the US dollar strengthened in tandem with rising Treasury yields, as markets increasingly priced in the likelihood of additional Federal Reserve interest rate hikes later this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback