Brazil Real Ends Stronger On Improved Outlook

BY GERALD JEFFRIS

BRASILIA–Brazil’s real gained ground against the dollar to end slightly stronger Friday, as improved local and overseas outlooks and higher commodity prices helped lift the currency.

The real exited regular trading at BRL2.0138 to the dollar after ending at BRL2.0181 to the dollar Thursday, according to Tullett Prebon via Factset.

Traders noted the currency edged higher during the session as upbeat data helped reinforce expectations for increasing dollar inflows.

Locally, Brazil’s central bank reported the country’s IBC-BR …

Article source: http://online.wsj.com/article/SB10000872396390444375104577595592569551130.html?mod=googlenews_wsj

Posted by braziltribune on Aug 17 2012 Filed under Front Page. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry