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Brazilian Real Extends Gain to 7-Week High as Robust Carry Trade Appeal Drives USD/BRL to R$5.07
CurrenciesAug 03

Brazilian Real Extends Gain to 7-Week High as Robust Carry Trade Appeal Drives USD/BRL to R$5.07

The Brazilian Real hit its strongest level in nearly seven weeks, driven by the attractive carry trade yield from the high Selic rate.