(Bloomberg) -- Brazil's real rose for the first
time in four days as stronger-than-forecast U.S. growth eased
concern that worsening credit markets will prompt investors to
avoid emerging market securities.
``The data came as a relief, especially because it showed
construction activity is strong,'' said Joao Prado, a fixed-
income options trader at Agora Corretora, a brokerage in Rio de
Janeiro.
Read more at Bloomberg Currencies News
time in four days as stronger-than-forecast U.S. growth eased
concern that worsening credit markets will prompt investors to
avoid emerging market securities.
``The data came as a relief, especially because it showed
construction activity is strong,'' said Joao Prado, a fixed-
income options trader at Agora Corretora, a brokerage in Rio de
Janeiro.
Read more at Bloomberg Currencies News
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