Monday, May 28, 2007

Brazilian Currency Advances on Economists' Outlook for Inflation, Growth

(Bloomberg) -- Brazil's real advanced after
economists surveyed each week by the central bank reduced their
expectations for inflation while predicting Latin America's
largest economy will grow at a faster pace.

The real rose today against all of the 16 most active
currencies tracked by Bloomberg News on the economists'
forecast. Brazil's currency is up 9.7 percent against the dollar
so far this year, making it the best performer among the most
active currencies.


Read more at Bloomberg Currencies News

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