After slashing most of its previous 2 months gains this week, the Brazilian continued further a rally that started yesterday, today fueled by forecasts that indicate a less significant contraction for seven of the most important world economies.

After today’s positive perform in Chinese stocks and forecasts indicating that the world economy recovery may happen faster, the Brazilian real climbed further from yesterday, paring most of its losses from the past week, when it reached the lowest level in almost a month.

USD/BRL traded at 1.8734 as of 10:41 GMT from an opening rate of 1.8885.

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