Brazilian Real Increases After Core Inflation Rate Declines in the U.S.

(Bloomberg) -- Brazil's real strengthened as a
slowdown in U.S. core inflation eased speculation the Federal
Reserve will raise interest rates, helping maintain demand for
Brazil's higher-yielding, riskier securities.

The real rose 0.7 percent to 1.912 per dollar at 4:21 p.m.
New York time. It has gained 11.7 percent this year, making it
the best performer among the 16 currencies most traded against
the dollar. The currency has gained 2.4 percent this week.


Read more at Bloomberg Currencies News