Tuesday, June 19, 2007

Brazil Real Falls on Speculation Central Bank to Further Act to Slow Gains

(Bloomberg) -- Brazil's real fell on bets the
central bank may further seek to slow the currency's
appreciation after it currency gained for four consecutive days,
trading near its strongest since October 2000.

The real fell 0.09 percent to 1.9065 at 9:39 a.m. New York
time. Yesterday, it advanced to 1.8995 per dollar, near its high
of 1.8991 on June 1, the strongest since October 2000. The real
has gained almost 12 percent this year, making it the best
performer among the 16 currencies most actively traded against
the dollar.


Read more at Bloomberg Currencies News

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