(Bloomberg) -- Brazil's real rose 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 0.8 percent to 1.9105 per dollar at 10:20 a.m.
New York time. It has gained 11.8 percent this year, making it
the best performer among the 16 currencies most traded against
the dollar.
Read more at Bloomberg Currencies News
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 0.8 percent to 1.9105 per dollar at 10:20 a.m.
New York time. It has gained 11.8 percent this year, making it
the best performer among the 16 currencies most traded against
the dollar.
Read more at Bloomberg Currencies News
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