Raw sugar futures fell on Thursday as speculative selling emerged against a backdrop of a weaker
Brazilian currency, while a weaker British pound boosted London cocoa prices.
2 percent in the month, largely influenced by movements in the
Brazilian currency, which strengthened against the US dollar in July.
Well, you better have plenty of cash on you as nothing is cheap when you start converting the
Brazilian currency ( Real) into rupees.
The weakening
Brazilian currency is also having a current positive effect on the economics of gold production in this Latin American jurisdiction.
Brazil has one of the highest interest rates in the world, and because of the current global economic situation, has experienced a large influx of investments making the
Brazilian currency relatively strong.
01 billion) in the third quarter as lower oil prices, a weaker
Brazilian currency against the dollar and the country's worst recession in decades crimped revenue.
Let's remember that in January of 1999 the
Brazilian currency was unpegged from the dollar and lost half its value against the U.
Due to the weakening in the
Brazilian currency, during the first six months of 2015 the bank's Brazilian operations generated $61 million of group pre-tax profits compared to $108 million the year before.
Nonetheless, the weak
Brazilian currency will help the country attract more foreign visitors.
But the shift in the exchange rate will pass and the devaluation of the
Brazilian currency is reversible, Barbosa said.
2 airline Gol Linhas Aereas Inteligentes SA for $100 million in 2011, when the
Brazilian currency was 40 percent stronger.
This was mainly due to improved crop prospects but also the continued weakening of the
Brazilian currency against the US dollar, which is supportive of exports, the FAO explained.
