Brazil Real Rises Most in Emerging Markets on Rollovers
This article is for subscribers only.
Brazil’s real climbed the most in emerging markets, ending two days of losses as the central bank resumed auctions to extend maturities on swap contracts that support the currency.
The real rose 2 percent to 2.2358 per U.S. dollar, the best performance among 24 developing-nation currencies tracked by Bloomberg and the highest closing level since Oct. 30. The currency gained 1.1 percent since March 28 in its third straight weekly advance.