Economic Calendar

Tuesday, October 28, 2008

Brazilian Real, Mexican Peso Strengthen as Risk Aversion Eases

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By Jamie McGee

Oct. 28 (Bloomberg) -- Brazil's real and Mexico's peso strengthened as investor aversion to higher-yielding assets eased.

The real rose for a second day, gaining 2.57 percent to 2.1942 per dollar at 7:39 a.m. New York time, from 2.2506 yesterday. The peso gained 2.82 percent to 13.1513 per dollar from 13.5222.

To contact the reporters on this story: Jamie McGee in New York at jmcgee8@bloomberg.net



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