Brazilian Real Hits More Than 2-week Low Against U.S. Dollar
06:30, 27th May 2016
(RTTNews) - The Brazilian Real lost ground against the U.S. dollar in New York trading on Friday, on the back of falling oil prices, as well as on concerns about the ability of Acting President Michel Temer to implement policy measures.
The Brazilian Real declined to more than a 2-week low of 3.6289 against the greenback, compared to Thursday's closing value of 3.5817. The Brazilian Real may find support around the 3.75 mark.
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