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Brazil real gains as rising commodities boost investor appetite

Posted on 15 January 2009

From Bloomberg: Brazil’s real strengthened as rising commodity prices increased demand for assets in the largest exporting country in Latin America.

“The price of commodities is the main factor moving the real because our currency market is so dependent on trade flows,” said Francisco Carvalho, head of currency trading at Liquidez Corretora in Sao Paulo….. Full Article: Source


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