By Jamie McGee
Oct. 28 (Bloomberg) -- Brazil's real was little changed as investor aversion to higher-yield emerging market assets eased.
The currency traded at 2.3224 per U.S. dollar at 8:12 a.m. in New York, from 2.3176 yesterday.
``There could be a better session on equities,'' said Bartosz Pawlowski, a strategist in London at TD Securities Ltd. ``It doesn't mean the sentiment has improved or the crisis is over.''
The real has fallen 6.3 percent against the dollar this week and has weakened 32 percent since its record high of 1.5545 per dollar on Aug. 1 amid concern slowing global growth will hurt demand for products from emerging market nations.
The yield on Brazil's overnight futures contract for January 2009 delivery fell 3 basis points, or 0.03 percentage point, to 13.68 percent. The yield on the government's zero- coupon bonds due in January 2010 was unchanged at 15.32 percent, according to Banco Votorantim.
To contact the reporter on this story: Jamie McGee in New York at jmcgee8@bloomberg.net
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