(Bloomberg) -- Brazil's currency rose as signs of
slowing inflation in the U.S. boosted speculation that returns
on high-yielding local assets will remain attractive.
``Concerns about inflation and higher rates in the U.S.
seem to have lifted, so the real is back on its appreciating
trend,'' said Ovidio Pinho Soares, a currency strategist at
Finabank Corretora in Sao Paulo.
Read more at Bloomberg Currencies News
slowing inflation in the U.S. boosted speculation that returns
on high-yielding local assets will remain attractive.
``Concerns about inflation and higher rates in the U.S.
seem to have lifted, so the real is back on its appreciating
trend,'' said Ovidio Pinho Soares, a currency strategist at
Finabank Corretora in Sao Paulo.
Read more at Bloomberg Currencies News
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