Brazil’s real strengthened and its benchmark stock index rose for a second day as a slump in the U.S. dollar boosted commodity prices, improving the country’s terms of trade and supporting a rally in the prices of some of its biggest exports.
The real strengthened 1 percent to 3.8572 per dollar at 12:08 p.m. in Sao Paulo, extending its gain this year to 2.8 percent, the most in Latin America. The Ibovespa added 1.4 percent to 40,134.18 as five stocks climbed for every one that fell. The Bloomberg Base Metals 3-Month Price Commodity Index added 1.3 percent. Brazil is among the world’s largest iron-ore exporters, and commodity producers account for about 20 percent of the stock gauge.
Brazil Energy Insight 
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