Tue, Sep 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Brazilian currency touches four-year low, prompting intervention

Posted on 19 June 2013

Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation.
Central bank President Alexandre Tombini said policy makers are working to reduce the inflationary pressure that may stem from the currency’s decline. Wholesale, construction and consumer prices rose 0.74 percent in the 20 days starting May 21, the Getulio Vargas Foundation reported. The median forecast of 13 analysts surveyed by Bloomberg was for a 0.65 percent increase in the IGP-M index………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36729 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930