The Brazilian real had another day of gains versus most of 16 main traded currencies and extended its 2009 record versus the greenback as improved economic data domestically and globally brought investors to inject money in South America’s wealthiest economy.
The Brazilian real reached the highest rate versus the British pound in 10 years as a wave of optimism fueled by positive economic reports in the U.S. helped traders to bet in the Brazilian economy, as the United States remains one of the main destinations for Brazilian commodities, which may experience an increase in their demand for the upcoming months.
USD/BRL traded at 1.7975 as of 21:15 GMT from an opening rate of 1.8007 today.
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