The Brazilian currency touched a one-year high versus the dollar and the pound this week but was unable to continue its rally as U.S. jobless claims came worse than what economists expected, decreasing appeal for emergent market high-yielding currencies.
The Brazilian real is an extremely commodity-linked currency, and today, a report indicated an increase in jobless claims in the U.S., affecting negatively equities and commodities markets worldwide, making traders to purchase safer assets and abandon some less attractive opportunities in Brazilian markets, forcing the real down from a one-year high versus the dollar.
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