Monday, May 28, 2007

Brazilian Real Advances to Near Six-Year High on Inflation, Growth Outlook

(Bloomberg) -- Brazil's real rose to near a six-year
high 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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