Friday, 06 July 2007

Brazil's Real Gains as Local Inflation in June Less Than Analysts Expected

(Bloomberg) -- Brazil's real rose as slower-than-
expected inflation boosted speculation the value of local assets
will remain attractive.

The real rose 0.5 percent to 1.9035 per dollar at 9:29 a.m.
New York time. For the year, Brazil's currency has gained about
12 percent, the best performer among the 16 most-actively traded
currencies against the dollar.


Read more at Bloomberg Currencies News

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