(Bloomberg) -- Brazil's real rose to its strongest
since October 2000 on speculation benign inflation and faster
growth will keep luring foreign investment to the local stock and
bond markets.
The real advanced as much as 0.7 percent to 1.8995 per
dollar, the strongest since hitting 1.8990 per dollar on Oct. 31,
2000. It traded at 1.9012 per dollar at 9 a.m. New York time. It
rose 2.4 percent last week and has gained 12.3 percent this year,
making it the best performer among the 16 currencies most traded
against the dollar.
Read more at Bloomberg Currencies News
since October 2000 on speculation benign inflation and faster
growth will keep luring foreign investment to the local stock and
bond markets.
The real advanced as much as 0.7 percent to 1.8995 per
dollar, the strongest since hitting 1.8990 per dollar on Oct. 31,
2000. It traded at 1.9012 per dollar at 9 a.m. New York time. It
rose 2.4 percent last week and has gained 12.3 percent this year,
making it the best performer among the 16 currencies most traded
against the dollar.
Read more at Bloomberg Currencies News
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