Brazil’s real rose for the first time in three sessions as foreign investors seeking to profit from the nation’s higher interest rates increased inflows amid improved confidence in emerging markets.
The currency appreciated 0.4 percent to 2.2619 per U.S. dollar at the close of trading in Sao Paulo, the biggest advance among 16 major counterparts tracked by Bloomberg after South Korea’s won. Swap rates on contracts maturing in January 2017 increased six basis points, or 0.06 percentage point, to 12.53 percent.
