(Bloomberg) -- Brazil's currency rose as concern
eased that losses tied to U.S. subprime mortgages will hurt
financial institutions, helping bolster demand for riskier
emerging-market assets.
``Investors are returning after the stress we experienced
over the past few sessions,'' said Joao Prado, a fixed-income
options trader at Agora Corretora, a brokerage in Rio de Janeiro.
Read more at Bloomberg Currencies News
eased that losses tied to U.S. subprime mortgages will hurt
financial institutions, helping bolster demand for riskier
emerging-market assets.
``Investors are returning after the stress we experienced
over the past few sessions,'' said Joao Prado, a fixed-income
options trader at Agora Corretora, a brokerage in Rio de Janeiro.
Read more at Bloomberg Currencies News
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