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Showing results for Clyde R Coursey
...The Brazilian real broke through R$2 against the dollar for the first time in six years on Tuesday and on Wednesday rose 1.5 per cent to R$1.9540 by late trade in New York....
...But the Brazilian real was caught up in a widespread sell-off of Brazilian financial assets, falling 1.9 per cent to R$2.4683 against the dollar....
...Clyde Wardle, senior currency strategist at HSBC, added: “As long as the economic recovery resumes, the likelihood that the target will be lowered is steadily increasing.”...
...The Brazilian real rose 1 per cent to a 30-month high of R$2.685 as strong sentiment outweighed the prospect of further central bank intervention....
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