Brazil's Real Advances Toward Seven-Year High as Inflation Measure Falls

(Bloomberg) -- Brazil's real rose to an almost
seven-year high after a report showed inflation is slowing,
encouraging investors to buy local bonds.

The real has gained 12 percent against the dollar this
year, the most among the 16 most actively traded currencies.
Brazil's 12.5 percent benchmark overnight lending rate compares
with 5.25 percent in the U.S. and 0.5 percent in Japan.


Read more at Bloomberg Currencies News