Economics
Brazil Real Rises to Six-Week High on Europe Deal, Bank Auction
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Brazil’s real climbed to a six-week high as European leaders agreed to expand a bailout fund to stem the debt crisis and the central bank said it would test demand to sell dollars in the currency futures market.
The real advanced 2.9 percent to 1.7099 per dollar, the biggest gain in three weeks, from 1.7586 yesterday. The currency earlier rallied to 1.7009, the strongest level since Sept. 15.