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7 months ago
Brazil's real strengthens 21.5 pct in 2016, the most in 7 years
December 29, 2016 / 7:09 PM / 7 months ago

Brazil's real strengthens 21.5 pct in 2016, the most in 7 years

1 Min Read

SAO PAULO, Dec 29 (Reuters) - The Brazilian real strengthened 21.5 percent in 2016, the most in seven years, boosted by hopes that centre-right President Michel Temer would curb public spending following the ouster of his leftist predecessor Dilma Rousseff.

The real closed 1 percent higher on Thursday at 3.2492 reais. Its gains in 2016 snapped a five-year losing streak. (Reporting by Bruno Federowski and Claudia Violante; Editing by Daniel Flynn)

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