Brazilian stocks rise
Brazilian stocks have risen after reports from the US show the recession could be nearing an end. The main Brazilian stock index has already climbed 45% this year, as commodity prices rose and markets rallied.
The Brazilian real is headed for its fifth monthly gain against the US dollar, having risen 3% this month and 27% this year against the greenback. Foreign investors are presently looking to Latin American markets to drive the global economy out of recession.
Currency exchange rates for the Brazilian real are currently at USD0.53 and GPB0.32
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.