Brazil's Real Holds Near Six-Year High Before Fed Interest-Rate Decision

(Bloomberg) -- Brazil's real held near a six-year high ahead of the Federal Reserve's interest-rate policy decision. Traders said the real may gain should the Fed maintain its view that the economy is expanding ``at a moderate pace.''

``The real is trading in a tight range as everyone is waiting for the Fed meeting,'' said Alexandre Lintz, a senior economist with BNP Paribas SA in Sao Paulo. ``The real has more room to gain. The growth outlook is still quite positive in Brazil.''


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