Reuters: US Dollar Report: Brazil real gains on expectation of more government measures

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Brazil real gains on expectation of more government measures Dec 6th 2012, 11:25 RIO DE JANEIRO | Thu Dec 6, 2012 6:25am EST RIO DE JANEIRO Dec 6 (Reuters) - Brazil's real opened more than half a percentage point stronger on Thursday as investors expected the government to keep unwinding measures it imposed early in the year to curb dollar inflows. Such expectations grew further after daily Valor Economico reported, without naming its sources, that government officials think the real has weakened too much in the past few days. The report said that could stoke inflation without bringing clear benefits to economic activity. The real last traded at 2.0826 per dollar, 0.6 percent stronger than at Wednesday's close.

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