The Brazilian real advanced today against the euro on the speculation that demand for the South American exports would grow as the European economic outlook brightened. The currency declined versus the greenback.

The index of consumer sentiment in the countries of the Eurozone rose from 99 to 101.3 in June. The resulting appetite for the risk on the markets helped the riskier currencies, including the real, to gain.

USD/BRL rose to as 1.7600 of 8:50 GMT after opening at 1.7580. EUR/BRL traded at 2.2921 after it opened at 2.3019.

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