Stock Groups

Brazil central bank chief says higher interest rates are supporting FX -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The headquarters of the central bank can be seen in Brasilia (Brazil), May 16, 2017. REUTERS/Ueslei Marcelino

BRASILIA (Reuters – Brazil’s central bank chief Roberto Campos Neto claimed Tuesday that higher interest rates were supporting financial inflows which are strengthening Brazil’s currency.

He addressed a conference organized by BTG Pactual investment bank. He also stated that positive fiscal figures help to attract investments to the country. This is among many reasons for the current behavior of the exchange rates.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]