Brazil Real Gains as Oil Rebound Overshadows Chinese Slump Data

Brazil’s real advanced as a rebound in oil prices overshadowed disappointing Chinese data and increased bets on a Federal Reserve interest-rate hike that bolstered the dollar.

The real gained 0.2 percent to 3.1904 per dollar at 3:24 p.m. in Sao Paulo after declining as much as 0.7 percent earlier. The Bloomberg Commodity Index gained 0.7 percent after sliding as much as 0.4 percent earlier. Raw-materials make up more than half of Brazil’s exports.

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