Brazil Real, Stocks Rise as President Temer Reassures Investors

Updated on
  • Local assets seen attractive with new government recovery plan
  • Prospects for U.S. monetary policy favor emerging markets

Daly: Markets Believe in New Brazilian Administration

Brazil’s real posted its first weekly gain since early August and the Ibovespa rose to a two-year high on speculation local assets will attract foreign investors as interest rates in the U.S. remain low for a longer time and Brazil puts in place a plan to restore growth.

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