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Brazil’s Real rises as commodities rebound on increased demand

Posted on 04 March 2009

From Bloomberg: Brazil’s real rose for the first time in three days as a rebound in commodity prices rekindled investor demand for emerging-market assets.

The real increased 1.6 percent to 2.4082 per U.S. dollar at 3:12 p.m. New York time, after most trading in Brazil had ended, from 2.4473 yesterday. It fell as much as 2.4 percent to 2.4501 yesterday, the lowest since Dec. 19….. Full Article: Source


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