(Bloomberg) -- Brazil's currency declined for the
first time in six days on concern rising yields on U.S.
Treasuries will lessen the allure of riskier emerging-market
assets to international investors.
``Our markets are looking for direction abroad today, so
rising Treasury yields and speculation of higher rates in the
U.S. are throwing some cold water on investor's mood here,'' said
Francisco Carvalho, head of currency trading at Liquidez
Corretora in Rio de Janeiro, Brazil's second-biggest foreign
exchange brokerage.
Read more at Bloomberg Currencies News
first time in six days on concern rising yields on U.S.
Treasuries will lessen the allure of riskier emerging-market
assets to international investors.
``Our markets are looking for direction abroad today, so
rising Treasury yields and speculation of higher rates in the
U.S. are throwing some cold water on investor's mood here,'' said
Francisco Carvalho, head of currency trading at Liquidez
Corretora in Rio de Janeiro, Brazil's second-biggest foreign
exchange brokerage.
Read more at Bloomberg Currencies News
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