(Bloomberg) -- Brazil's currency fell as a slowing
U.S. housing market and concerns with losses in subprime
mortgages increased aversion to riskier, emerging market assets.
``The scenario in the U.S. is worrisome, with news about
the Bear Stearns funds starting to damp market mood last week,
and now worse-than-expected housing data,'' said Luiz Carlos
Barroso Simao, partner and chief strategist at Questus Asset
Management in Rio de Janeiro.
Read more at Bloomberg Currencies News
U.S. housing market and concerns with losses in subprime
mortgages increased aversion to riskier, emerging market assets.
``The scenario in the U.S. is worrisome, with news about
the Bear Stearns funds starting to damp market mood last week,
and now worse-than-expected housing data,'' said Luiz Carlos
Barroso Simao, partner and chief strategist at Questus Asset
Management in Rio de Janeiro.
Read more at Bloomberg Currencies News
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