Brazil Real Posts Biggest Monthly Gain Since ’11 on Intervention
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Brazil’s real posted its biggest monthly gain in almost two years after the central bank raised its forecast for inflation next year, adding to speculation that it will maintain intervention to support the currency.
The real advanced 1.6 percent to 2.2170 per dollar in Sao Paulo today, the best performance among 16 major currencies tracked by Bloomberg. It has climbed 7.6 percent this month, the most since October 2011, and has gained 0.7 percent in the third quarter.