Bloomberg
The real rose to its strongest level since May 2, 2002, after the minutes of last week's central bank meeting showed policy makers are ready to raise interest rates for a tenth month to cap inflation, said traders such as Plauto Roberto Fraga de Sales at Corretora Souza Barros
``There is still certainly room for the real to appreciate a bit more, especially with this interest rate scenario,'' said Sales, a trader at the currency brokerage in Sao Paulo, in a phone interview. ``Inflation is resistant and there could still be room for another interest rate increase.''
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