Brazil real gains on central bank reform hopes

Central Banking staff
02 Apr 2003

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Increasing optimism that Brazil's central bank will gain greater independence pushed the real up against the dollar in trading. The legislation to be presented Wednesday is the first of a series of radical reforms designed to reinforce the government's commitment to fight inflation.

Source: Financial Times

Brazil's currency continued to gain ground against the dollar on Wednesday amid increasing optimism that the government will win congressional support for plans to give greater autonomy to the

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