Monday, June 11, 2007

Brazilian Real Strengthens on Inflation Forecasts, a Wider Trade Surplus

(Bloomberg) -- Brazil's real rose as economists
lifted their inflation forecasts and as the nation's trade
surplus widened, bolstering speculation foreign currency will
flow into the economy.

Faster inflation may lead the central bank to slow the pace
of interest-rate cuts this year, maintaining the appeal of the
nation's interest rates.


Read more at Bloomberg Currencies News

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