Commodity sell-off adds pressure on EM currencies

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Brazilian real’s rally running out of steam (by Arnaud Masset) Since mid-January, Brazilian assets found favour in the eyes of investors on the prospect of potential improvements of the political side and a commodity rally. Since mid-January, the Brazilian real rose as much as 14% against the US dollar, while the Ibovespa surged the most among the EM-complex, up 33%. The fading risk-off sentiment and hopes for stronger Chinese demand supported iron ore prices, one of

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