Brazil Real Falls on Speculation China to Raise Rates, Lower Equity Prices

(Bloomberg) -- Brazil's currency fell on concerns
that higher interest rates in China may damp demand for emerging
market assets. Local bond yields rose

Speculation the Chinese government may lift borrowing costs
this weekend to cool the economy and constrain a booming stock
market boom raised fears of an economic slowdown that could
weaken demand for Brazilian exports and its high-yielding
financial assets, said Mario Paiva, a currency strategist at
Liquidez DTVM in Rio de Janeiro.


Read more at Bloomberg Currencies News