Brazil's Real Rises as Central Bank Says Trade Surplus to Remain Strong

(Bloomberg) -- Brazil's real rose after the central
bank said it expects the country's trade surplus and flows into
local markets to remain strong.

The central bank also said in minutes released today from
last week's policy meeting that it expects inflation to remain in
check as the real's three-year rally keeps import prices in
check. That tame inflation outlook will help continue to lure
investment to Brazil's high-yielding assets, said Juliana Braga,
strategist at Banco UBS Pactual SA.


Read more at Bloomberg Currencies News