Posts Tagged ‘real’

Emerging Markets: Brazilian Real Falls on Risk Aversion; Argentine Peso Sink on Rates

by Christopher Lemieuxon May 21, 2014 4:27 am BST
Emerging market currencies are falling with growing geopolitical risk that stems from Ukraine to Thailand, which is causing market participants to develop a more defensive strategy in the risk currencies. The Brazilian real fell as swap rates on contracts maturing in January 2017 increased one bps to 12.01 percent. According to Joao Paulo de Gracia Correa, […]

Client Alleges Goldman Sachs Duped Him into an FX Trade

by Christopher Lemieuxon January 14, 2014 5:47 am BST
The infamous Goldman Sachs has gotten heat in the past for calling their clients “muppets” in emails, selling overly complicated derivatives to pension funds, and actively trading against client positions (one trader even said Goldman runs the world live on BBC). Now, Peter Oei, a self-made millionaire, alleges Goldman Sachs duped him into a trade […]

Brazilian Real Slides on Speculation

by Christopher Lemieuxon October 24, 2013 3:12 am BST
The Brazilian real slides on speculation that the central bank will limit the rollover of currency swaps, which has contributed to the biggest two-month rally. After falling eight-tenths of a percent to 2.1905  reals per USD, the swaps rates on the January contracts dropped four bps to 10.49 percent. Brazil’s real fell on speculation the […]

Brazil real drops 1.3 pct to weakest level in over 4 months

by on November 9, 2012 1:15 pm BST
RIO DE JANEIRO | Fri Nov 9, 2012 8:15am EST RIO DE JANEIRO Nov 9 (Reuters) - The Brazilian real weakened more than 1 percent on Friday and hit an over four-month low against the dollar as concerns about the euro zone and the U.S. "fiscal cliff" drove investors to the perceived safety