Brazil Real depreciates as central bank intervenes

Source: Bloomberg
The Brazilian Real dropped by 0.7% to 1.9572 per the U.S. Dollar by midday trading session in Sao Paulo on Monday. The currency depreciated after increasing to 1.9442 level on March 8, which was the highest point in last ten months. The Real decreases as the central bank intervened by selling 1 billion U.S. Dollar of reverse foreign exchange swaps.
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Mon, 11 Mar 2013 20:27:08 GMT

Rand drops on current account concern

The South African Rand depreciated by 0.9% to 9.1282 per the U.S. Dollar in the end of Johannesburg trading session on Monday. The Rand is one of the worst performers among emerging market currencies, as labour disputes threaten mining industry and thereby exports of coal. As a result, current account deficit may widen further.

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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