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Brazil real leads Latam currencies higher

Posted on 11 December 2012

Brazil’s real gained on Monday after a central bank director said the currency still has room to appreciate, adding to expectations that the government may further intervene in the foreign exchange market.
Other Latin American currencies also strengthened as a positive Wall Street session fueled investors’ appetite for risk, while Venezuela’s bonds rallied after ailing President Hugo Chavez named a successor, raising the prospect of his departure after 14 years in power………………………………………..Full Article: Source


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