Brazilian Real Off Fresh 10-month High Against Dollar
August 04 2009 - 4:09PM
RTTF2
The Brazilian currency that jumped to a new 10-month high of
1.8245 against the US dollar by 8:00 am ET Tuesday pared gains
shortly. The real reached a low of 1.8395 against the greenback
around 9:00 am, compared to yesterday's close of 1.8265. If the
Brazilian currency weakens further, support is likely to be seen
near the 1.886 level.
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