Bloomberg: The real advanced 0.2 percent to 2.2141 per U.S. dollar, the second-biggest gain among 16 major counterparts tracked by Bloomberg. Swap rates on contracts maturing in January 2017 increased nine basis points, or 0.09 percentage point, to 12.47 percent, according to Business Week. Investors are seeing Brazil as attractive with such high interest rates, and the currency is gaining on that, Reginaldo Siaca, a currency manager at Advanced Corretora de Cambio in Sao Paulo, said in a telephone interview and The real rose the most among major currencies after the Australian dollar on speculation Brazils interest rates will attract international investors to the nations financial assets. Brazil has raised borrowing costs nine times since April 2013, the most among 49 central banks tracked by Bloomberg. The nation posted net foreign currency inflows of $2.3 billion last month, the biggest since November.
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Tagged under interest rates, Advanced Corretora de Cambio topics.