(Bloomberg) -- Brazil's real held near a seven-year
high after a government report showed retail sales rose more than
forecast in May, a sign that growth is quickening in Latin
America's biggest economy.
The real traded at 1.8622 per dollar, down 0.01 percent, at
9:48 a.m. New York time after the government said retail sales
rose 10.5 percent in May from a year ago, higher than the median
8.4 percent rise forecast in a Bloomberg survey. Economists
raised their 2007 growth forecast to 4.39 percent from 4.33
percent a week ago, according to the median of about 100
estimates in a central bank survey published today.
Read more at Bloomberg Currencies News
high after a government report showed retail sales rose more than
forecast in May, a sign that growth is quickening in Latin
America's biggest economy.
The real traded at 1.8622 per dollar, down 0.01 percent, at
9:48 a.m. New York time after the government said retail sales
rose 10.5 percent in May from a year ago, higher than the median
8.4 percent rise forecast in a Bloomberg survey. Economists
raised their 2007 growth forecast to 4.39 percent from 4.33
percent a week ago, according to the median of about 100
estimates in a central bank survey published today.
Read more at Bloomberg Currencies News
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