Brazil real gains on expectation of more government measures
RIO DE JANEIRO
RIO DE JANEIRO Dec 6 (Reuters) - Brazil's real opened more than half a percentage point stronger on Thursday as investors expected the government to keep unwinding measures it imposed early in the year to curb dollar inflows.
Such expectations grew further after daily Valor Economico reported, without naming its sources, that government officials think the real has weakened too much in the past few days. The report said that could stoke inflation without bringing clear benefits to economic activity.
The real last traded at 2.0826 per dollar, 0.6 percent stronger than at Wednesday's close.
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- French warplanes search Mali desert for crashed Air Algerie plane |
- Wreckage of Air Algerie plane carrying 116 people found in Mali |
- Crunch time for Gaza truce talks as death toll passes 800 |
- World's oldest joke traced back to 1900 BC