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.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Putin critic Khodorkovsky in Germany after pardon |
- Target probe eyes overseas hackers; stolen cards for sale online
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- Target cyber breach hits 40 million payment cards at holiday peak |