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

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