(Bloomberg) -- Brazil's real held near an almost
seven-year high on speculation dollars from exports and foreign
direct investment will continue flooding local markets.
``We've seen incredible amounts of foreign direct
investment over the past few months, reaching a record in June.
That type of flow will grow, regardless of how fast our interest
rates fall,'' said Mario Cebrian, head of foreign currency
trading at Banco Standard de Investimento in Sao Paulo.
Read more at Bloomberg Currencies News
seven-year high on speculation dollars from exports and foreign
direct investment will continue flooding local markets.
``We've seen incredible amounts of foreign direct
investment over the past few months, reaching a record in June.
That type of flow will grow, regardless of how fast our interest
rates fall,'' said Mario Cebrian, head of foreign currency
trading at Banco Standard de Investimento in Sao Paulo.
Read more at Bloomberg Currencies News
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