Brazilian Real Climbs on Growth Forecast

Both domestic and international economic scenario provided support for the Brazilian currency to climb against the greenback and several other majors, as revised economic growth for the South American nation came with positive figures.
Brazil currently has one of the highest interest rates in the world among the main global economies and these levels are likely to climb even further next year if growth in the country will be confirmed as it has been suggested by forecasts, helping the real to reach the highest level versus the pound and the dollar in 2009.
USD/BRL traded at 1.7335 as of 22:27 GMT from an opening rate of 1.7380 today.

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