The Brazilian currency and stocks strengthened on Friday on signs the government may act to improve its fiscal position, while a modest interest rate rise late Wednesday buoyed expectations Brazil may enter a period of sustainable economic growth.
The local currency, the real, was trading at 2.882 reais per US dollar about two hours after opening, compared with 2.885 at Thursday's close.
The budget surplus in the first half of the year, excluding interest payments on government debt, was 5.6 percent of GDP.
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