The Brazilian real rose to a fresh monthly high of 1.8110 against the US dollar during early New York trading on Friday, compared to 1.813 hit late New York Thursday. A move above the 1.809 resistance level may lead the real to touch its highest in nearly an year. Currently, the dollar-real pair is quoted at 1.815.

In economic news, Brazil's statistical office IBGE announced that the gross domestic product or GDP increased 1.9% sequentially in the second quarter. Economists had expected the GDP to increase 1.4%.

On an annual basis, the GDP fell 1.2% in the second quarter, compared to the 1.4% decline expected by economists.

US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Jun 2024 to Jul 2024 Click Here for more US Dollar vs BRL Charts.
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Jul 2023 to Jul 2024 Click Here for more US Dollar vs BRL Charts.