(Bloomberg) -- Brazil's real rose after a report
showed inflation was slower than economists expected in June,
bolstering speculation the central bank will keep cutting
interest rates.
The real rose 0.7 percent to 1.9002 per dollar at 11:40 a.m.
New York time amid optimism that more rate cuts will boost
growth, helping lure investment to Latin America's biggest
economy. The real is the top performer this year among the 16
most-actively traded currencies against the dollar, gaining 12.4
percent.
Read more at Bloomberg Emerging Markets News
showed inflation was slower than economists expected in June,
bolstering speculation the central bank will keep cutting
interest rates.
The real rose 0.7 percent to 1.9002 per dollar at 11:40 a.m.
New York time amid optimism that more rate cuts will boost
growth, helping lure investment to Latin America's biggest
economy. The real is the top performer this year among the 16
most-actively traded currencies against the dollar, gaining 12.4
percent.
Read more at Bloomberg Emerging Markets News
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