Real falls on intervention speculation

Note: This section contains information in English only.
Source: Bloomberg
The Brazilian Real dropped to a 1-week low on speculation the nation's central bank will intervene to weaken the Real outweighed bets officials will take steps to support the global economy. The Real lost 0.4% to 2.0238, the lowest level since August 14.
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Fri, 24 Aug 2012 08:37:54 GMT

Brazil's FDI rose to the highest in July

Brazil's foreign direct investment rose to the highest level in July since 2010 and is likely to exceed the nation's central bank's $50 billion forecast this year as investors expect economic growth will pick up. Though economists anticipated FDI of $7 billion, FDI increased from $5.8 billion in June to $8.4 billion in July, the central bank reported. 

Fri, 24 Aug 2012 08:26:57 GMT

RBA is prepared to act if economy slows

The RBA Governor Glenn Stevens said that officials are ready to take steps if the nation's economy slows, auguring Australia's mining investment boom will peak within the next two years. The Aussie Dollar declined to a 1-month low versus the New Zealand Dollar as Stevens said the Australian currency is likely to depreciate if the mining boom ends.  

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