(Bloomberg) -- Brazil's real strengthened after a government report showed prices rose at a slower pace than expected, boosting confidence in the value of local assets.
``The inflation data only reaffirms the strength of local assets,'' said Joao Prado at Agora Corretora in Rio de Janeiro. ``Inflows are supporting the real and all local factors point to further gains in the currency.''
Read more at Bloomberg Currencies News
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