Brazil's Real Advances as Concern About Rising U.S. Interest Rates Eases

(Bloomberg) -- Brazil's currency rose to a seven-
year high as concern eased that the Federal Reserve will raise
benchmark U.S. interest rates.

A U.S. report showed consumer prices rose at the slowest
pace in five months, damping speculation the Fed will raise
borrowing costs and helping maintain the spread between Brazilian
and U.S. rates that has lured money to the South American
country.


Read more at Bloomberg Currencies News