(Bloomberg) -- Brazil's real headed for its largest
weekly loss since May 2006 after investors sold stocks and
bonds, driving up U.S. Treasury yields and reducing the allure
of riskier, emerging market assets.
The real appeared poised for its first down week in a
month as U.S. treasury yields soared to the highest in five
years. Many stock indexes in Asia and Europe were recording
weekly losses.
Read more at Bloomberg Currencies News
weekly loss since May 2006 after investors sold stocks and
bonds, driving up U.S. Treasury yields and reducing the allure
of riskier, emerging market assets.
The real appeared poised for its first down week in a
month as U.S. treasury yields soared to the highest in five
years. Many stock indexes in Asia and Europe were recording
weekly losses.
Read more at Bloomberg Currencies News
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