Wednesday, May 2, 2007

Brazilian Real, Bonds Rise on Currency Inflows as Trade Surplus Widened

(Bloomberg) -- Brazil's currency rose for the first time in the last four trading days, boosted by a growing trade surplus and currency inflows from exporters selling dollars.

``In just a few minutes of trading, we've seen some dollar sales from exporters, adding to already heavy flows from foreign investors boosting their position in other local markets,'' said Marcelo Ribeiro, the head of currency trading at Sao Paulo-based Concordia Corretora.


Read more at Bloomberg Currencies News

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