The Brazilian real rose today amid the positive sentiment on the Forex market and on speculations that data will show an increase of Brazil’s inflation.
Analysts estimated that the IPCA inflation index increased to 5.44 percent in October from a year ago, accelerating from September’s 5.28 percent. The government data will be released tomorrow. The general market mood was also positive. Europe’s fundamental data was not particularly good today, but not very bad either, improving risk sentiment among investors.
USD/BRL fell from 2.0357 to 2.0337 as of 18:21 GMT today.
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