By Laura Matthews
NEW YORK, March 10 (Reuters) - The Singapore Exchange said on Monday that it was teaming up with Brazilian exchange operator B3 to launch real futures contracts later this year, a move aimed at helping investors manage exposure to the currency during Asia trading.
If the Brazilian real futures contracts receive regulatory approval, it would be SGX's first time venturing into emerging markets currencies out of Asia.
The contracts come as global investors' interest in Brazilian markets is increasing, bringing with it a desire to hedge currency risks around-the-clock, especially as trade tensions and geopolitics heighten uncertainty in global markets.
Brazil is a leading exporter of commodities like beef, iron ore and soybeans. Its government said on March 6 that it would remove import taxes on essential products including sugar, coffee, corn and beef to help reduce food prices.
(Reporting by Laura Matthews; Editing by Himani Sarkar)
((Laura.Matthews@thomsonreuters.com; 646-540-2256;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。