Brazil Real Rises to 2-Week High as Stocks, Confidence Climb
JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
9 de fevereiro de 2024
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18 de abril de 2024Brazil’s real rose to the strongest level in two weeks as stocks in Latin America’s largest economy climbed and consumer confidence gained for a second month.
The real climbed 0.8 percent to 1.7637 per dollar at 9:03 a.m. New York time, from 1.7774 yesterday. Earlier it touched 1.7606, the strongest since June 21.
Brazil’s Bovespa index rose 1.3 percent to 61,648.77. Consumer confidence increased in June to 114.7, from 114.6 in May, the National Industry Confederation said yesterday.
“People are starting to realize that after a very bad June, there are bargains to be found, and that’s helping the real,” said Pedro Tuesta, a senior economist for Latin America at 4Cast Inc. in Washington. “The consumer confidence numbers suggest that domestic demand will remain strong.”
In the overnight interest-rate futures market, the yield on contracts due in January rose two basis points, or 0.02 percentage point, to 11.33 percent.
