Brazil’s real rose as investors increased their appetite for higher-yielding assets after President Barack Obama said last night that al-Qaeda leader Osama bin Laden was killed by U.S. operatives in Pakistan.
The real rose 0.3 percent today to 1.5708 per dollar at 9:05 a.m. New York time.
Global stocks gained after Obama said in a televised address that Bin Laden was killed in a U.S. operation. Rising equities are helping push up riskier assets including the real, said Luiz Eduardo Portella, a partner at Banco Modal SA.
“The international environment is better today,” he said by phone from Rio de Janeiro.
Yields on the interest-rate futures contract due in January 2013 rose 1 basis point, or 0.01 percentage point, to 12.69 percent.