News from China that export levels and new loans declined, while industrial production rose by lower than expected put the Brazilian real under pressure due to speculation commodity demand would suffer.
Brazil is a primary exporter of commodities to China and the real tends to suffer following weak economic data. Equity markets also fell across the nation and the Brazilian currency fell 0.6% against the US dollar for the second consecutive day.
The real currency exchange rate is currently per 1.85USD and per 3.05GPB.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
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Sterling witnessed a pullback against the majors yesterday after the BoE lowered its 2012 GDP growth...
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