Brazil real extends rally, seals longest winning streak this year

Brazil’s real rose for the fifth day in a row on Tuesday, sealing its longest winning streak against the dollar this year as buoyant global markets and ebbing of domestic political tensions added fuel to the rally.

The real’s near 2% jump brought its gains since the start of last week to around 10%, and a dollar fall below 5.00 reais now seems more likely than a pierce up through 6.00 reais, traders said.

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