Brazilian Real Jumps To Fresh Multi-month High Versus Greenback
September 15 2009 - 11:24AM
RTTF2
Against the US dollar, the Brazilian real edged up in New York
afternoon trading on Tuesday. At 1:45 pm ET, the real jumped to a
fresh multi-month high of 1.8040 versus the greenback from morning
session's low of 1.8190. The dollar-real pair was worth 1.8130 at
yesterday's North American session close.
Tuesday, Brazil's statistical office IBGE announced that the
retail sales increased 0.5% month-on-month in July, slower than the
0.9% growth expected by economists.
On an annual basis, retail sales increased 5.9% in July.
Economists' expected an increase of 6.2%.
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