Thursday, May 31, 2007

Brazil's Real Trades at 7-Year High on Investor Purchases of Stocks, Bonds

(Bloomberg) -- Brazil's real rose to an almost
seven-year high, boosted by foreign investment in the country's
stock and bond markets.

The real has gained about 10 percent against the dollar
this year, the most among the 16 most actively traded
currencies. Fitch Ratings and Standard & Poor's this month
raised Brazil's foreign debt rating to BB+, one level below
investment grade.


Read more at Bloomberg Currencies News

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