Brazilian real faces increased volatility due to its liquidity, says central bank director
July 16 (Reuters) -Brazil's central bank director of monetary policy, Gabriel Galipolo, said on Tuesday that the Brazilian real is currently facing more volatility because it is a liquid currency.
Speaking at a credit cooperatives forum in Goias state, he also said domestic issues contribute to the weakening of Brazil's currency. Still, he highlighted that the repricing of interest rates in the United States has fundamentally strengthened the U.S. dollar.
Reporting by Marcela Ayres
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