After renewed expectations for growth in South America’s wealthiest country, the real found support to extend its gains and remain one of the best performing currencies this year so far, as international investments are expected to grow in 2010.
Brazilian economists suggested through a survey today that national economic growth may be around 4.5 percent for the next year, a higher value from previous expectations, fact which helped to real to break another record reaching the highest rates in 2009 versus currencies like the U.S. dollar and the Great Britain pound.
USD/BRL traded at 1.7913 as of 11:40 GMT from an opening rate of 1.7988, extending last week’s gains versus the greenback.
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