Friday 2 September 2016

Brazilian real - growth leader on the background of general uncertainty

For the short period from 29 to 31 August, the situation in most developing countries in the currency markets can be characterized briefly - "neutral". It seems, that the emerging markets in the background of controversial news, that come from the developing and the developed countries have no clear direction where to go. In addition, in some countries, the end of August and beginning of September - there is a traditional holiday season, which significantly reduces the activity in the financial markets.
A clear growth leader against the general uncertainty turned the Brazilian real (+ 1.09%). The Indian rupee has risen in price against the dollar, although a bit (by + 0.15%).
In other emerging markets dominated either neutral or moderately negative or negative sentiment. Thus, in the neutral zone of trading were multiple currencies: almost unchanged in price the Chinese yuan, the Kazakh tenge, the Azerbaijani manat and Turkish lira. A little less than a percent, the Russian ruble fell against the dollar (by 0.72%) and the Mexican peso (0.84%). The South African rand is still in free fall, it fell against the dollar by 2.25%.


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