The Brazilian real fell today, while yesterday it was at the seven-week low, as the report showed that China’s manufacturing is slowing.
HSBC Flash China Manufacturing PMI fell to 48.0 in November from 51.0 in October. The reading below 50.0 indicates a decline of the industry. The surging borrowing costs of the European nations add to the reasons that deter investors from buying the riskier currencies, like the real.
