The Brazilian currency climbed the most in more than a week as speculations in the country indicate that the central bank interest rates will not continue to be cut.
After losing for several days in a row starting last week as higher-yielding currencies lost attractiveness on a new wave of risk aversion, The Brazilian currency rebounded today on optimism brought by speculations that suggest a stop in the central bank interest rate cut policy.
USD/BRL traded at 1.8905 as of 10:47 GMT from an opening rate today of 1.9131.
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