Brazil Real Strengthens to 2016 High

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Brazil’s real advanced along with emerging-market currencies worldwide as commodity prices rallied amid improved appetite for riskier assets.

The currency rose 0.7 percent to 3.3557 per dollar as of 1:54 p.m. in Sao Paulo, the highest level since July. The real has surged 18 percent in 2016, the world’s best performance. A gauge of emerging-market currencies advanced as two polls conducted before Thursday showed a lead for the campaign to keep Britain in the European Union.

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