Rogerio Oliveira News
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Ruble futures climbed to the strongest level in a month on speculation a revival in oil prices and relatively high interest rates will lure investors to Russian assets.
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Futures traders are boosting bullish bets on the Mexican peso to an almost three-year high on speculation rising exports will propel gains in the currency.
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Brazil’s real declined by the most in more than a month after the government said it will levy a tax on some investments in foreign-exchange derivatives, the latest step in a bid to stem the currency’s rally.
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Israel’s 10-year government bonds rose, pushing yields to the lowest level in five months, on bets the central bank will keep rates on hold after the inflation report tomorrow will show the prices increase was seasonal.
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Mexican peso bulls including RBC Capital and Nomura Securities Inc. are abandoning their trade recommendations as concern the U.S. may relapse into recession mounts and currency swings soar to a two-year high.
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Brazil’s real fell for a fourth day, the longest losing streak in five weeks, as a slowdown in the global economic expansion eroded demand for emerging-market assets.
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Argentine dollar bonds maturing in 2012 climbed to the highest in a week as Barclays Plc released a survey showing investors are “most bullish” on the nation’s debt.
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Investors are snapping up Brazilian fixed-rate bonds at the fastest pace in 15 months relative to inflation-linked notes just as the accelerating economy shakes optimism that price increases will keep slowing.
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Brazilian traders are betting central bank President Henrique Meirelles will end increases in borrowing costs too soon to keep inflation in check.
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