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Brazil’s Real Rises With Emerging Markets as Commodities Advance

Posted on 17 May 2016

Brazil’s real joined gains in emerging markets on Monday as commodities advanced, boosting the outlook for the country’s raw-materials exports. The Ibovespa was little changed. The currency strengthened 0.9 percent to 3.5014 per dollar on Monday as metals and crude rallied.
The Bloomberg Commodity Index added 0.8 percent, improving inflows prospects for a country where half of exports are of raw materials. The Ibovespa erased gains and ended little changed at 51,802.92 after earlier gaining as much as 1 percent. Producers account for 22 percent of the index’s weighting………………………………………..Full Article: Source


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