Reversing direction, the Brazilian Real drifted lower against the U.S. dollar in European deals on Thursday, as the later firmed ahead of Fed speeches.

The Fed Chair Janet Yellen is due to speak at a Fed conference on post-crisis monetary policy in Washington at 9:30 am ET, with investors awaiting more clues about a potential rate hike in December.

The Brazilian Real declined to a 2-day low of 3.7958 against the greenback, down from an early high of 3.7425. The real is likely to find support around the 3.9 zone.

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