Brazil's real strengthens

Brazil's real strengthened along with other emerging market currencies as commodities prices gained.

The gain is due to a weaker-than-expected jobs report out of the US, which fueled speculation that the Federal Reserve may delay the expected interest rate increases.

The real gained 1.5 per cent on the dollar this week.

"The move in commodities is outweighing news regarding possible changes to fiscal measures in Brazil," said Georgette Boele, an analyst at ABN Amro Group NV in Amsterdam. "The very weak job data in U.S. is also helping emerging market currencies."


Read more at Bloomberg.