Wednesday, June 26, 2013

Reuters: US Dollar Report: Brazil real hits strongest level in a week after US GDP data

Reuters: US Dollar Report
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Brazil real hits strongest level in a week after US GDP data
Jun 26th 2013, 12:49

RIO DE JANEIRO, June 26 | Wed Jun 26, 2013 8:49am EDT

RIO DE JANEIRO, June 26 (Reuters) - The Brazilian real firmed for a fourth consecutive session on Wednesday, hitting its strongest level in a week, after weaker-than-expected U.S. economic growth eased concerns about an imminent withdrawal of U.S. stimulus measures.

The real briefly crossed the level of 2.2 per dollar for the first time in a week, to 2.196. It last traded at 2.2018 per greenback, 0.4 percent stronger than Tuesday's close.

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