Flavio Farah Quotations

Without a doubt the investments flows into Brazil by foreign investors are bolstering the real.

There has been an improvement in the country's fundamentals and a reduction in external vulnerability. That's allowing the government to lengthen debt maturities at smaller premiums.

We also have Brazil's strong trade surplus, and the reduction in the central bank offering of currency swap contracts, and they are all combining to push up the currency.

The signal from the central bank is that they won't increase the size of rate cuts.