Monday, 23 July 2007

Brazil's Real Rises to Highest in Almost Seven Years on Economic Forecasts

(Bloomberg) -- Brazil's real rose to the strongest
in almost seven years after economists boosted their growth
forecasts in a weekly central bank survey.

The real has gained 16 percent against the dollar so far
this year, the best performance among the most active
currencies. It has been buoyed by rising commodity exports and
foreign investment in the country's stock and bond markets.


Read more at Bloomberg Currencies News

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