Investors take on real exposure
NEWS
Ricardo de Campos, chief investment officer at Hedging Griffo AM, a Sao Paulo-based hedge fund firm, said: "Currency exposure to the Brazilian real is no longer an issue, since you have some of the highest interest rates in the world at about 19%." He added that even with such high rates attracting global money to the country, Brazil still enjoys a positive trade balance.
The real has been staging a comeback against the dollar, afte hitting 2.7640 on March 1, on the back of higher interest rates
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