(Bloomberg) -- Brazil's real gained to near its six-
year high on bets that high premiums offered on local assets and
growing exports will attract more dollars.
``Brazil is still an excellent trade for portfolio
investments because of our interest rates,'' said Ian Cao, who
manages about 3 billion reais ($1.6 billion) in assets as a
fixed-income manager at Rio de Janeiro-based Icatu Hartford.
``On a more macro side, we'll continue to have very strong trade
surplus because of high commodity prices.''
Read more at Bloomberg Currencies News
year high on bets that high premiums offered on local assets and
growing exports will attract more dollars.
``Brazil is still an excellent trade for portfolio
investments because of our interest rates,'' said Ian Cao, who
manages about 3 billion reais ($1.6 billion) in assets as a
fixed-income manager at Rio de Janeiro-based Icatu Hartford.
``On a more macro side, we'll continue to have very strong trade
surplus because of high commodity prices.''
Read more at Bloomberg Currencies News
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