Brazil’s real, the best performing among the 16 most traded currencies had the most significant fall in more than a month as commodities declined today, pushing investors away from the South American currency.
A number of important Brazilian exports had a decline in their prices today as U.S. services industries contracted, forcing virtually all commodities down today. Brazil is one of the biggest global supplies for grain and metallic commodities, and today’s decline brought the real to the first negative performance in a week.
USD/BRL traded at 1.8255 as of 22:21 GMT from an opening price of 1.8141.
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