Brazil real shows signs of revival: Ashish Advani

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June 23, 2009 2:44pm ETF BASIC NEWS

FLORIDA: Major signs of recovery are visible for specific exotic currencies including the Brazilian Real, according to World Currency Watch editor, Ashish Advani.
The Central Bank of Brazil (BACEN) just reported net FX flows into Brazil through June 12. In the first half of June, commercial surplus was driving the net FX flows. That surplus amounted to $866 million, which was four times larger than the net financial outflow right now (or $205 million).

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