Risks Rising Of BRL Verbal Intervention

Risks rising of BRL verbal intervention says SocGen noting the currency's strong performance of late. "We believe that verbal intervention risks will be significant at around 1.75 for USD/BRL," Societe Generale says. Notes on this basis, there is limited upside for the currency from the standpoint of intervention risks. USD/BRL currently trades at 1.7865 compared with 1.7880 late Tuesday in New York.