Brazilian Real in the Limelight

On the currency market, the USDBRL or the Brazilian Real have moved back towards its lower levels as the news broke out of the graft probe on ex-president Lula which may likewise lead to a link with the current president of the nation, which he had paved the way to be in office. This market is politically influenced and recent reaction may trigger a ripple effect as it drags along the way.

We will be watching how this development would make the currency move from its present course. As a pullback have also been reflected where the nearest low levels have provided a support for the prices to move back @3.7350 to this writing.