(Bloomberg) -- Brazil's real fell a second straight
day on concern that a housing slump in the U.S. is worsening,
boosting aversion to riskier emerging-market assets.
A decline in sales of existing homes in the U.S. last month
may fuel speculation the world's largest economy will slow,
sapping demand for basic materials such as iron ore and steel.
The Brazilian currency has gained 14.2 percent this year amid
demand for such commodities and for local financial securities.
Read more at Bloomberg Currencies News
day on concern that a housing slump in the U.S. is worsening,
boosting aversion to riskier emerging-market assets.
A decline in sales of existing homes in the U.S. last month
may fuel speculation the world's largest economy will slow,
sapping demand for basic materials such as iron ore and steel.
The Brazilian currency has gained 14.2 percent this year amid
demand for such commodities and for local financial securities.
Read more at Bloomberg Currencies News
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