Trade boosting Brazilian economy

Trade boosting Brazilian economy Buoyed by strong international trade volumes, the Brazilian economy is growing stronger and its currency has become the top gainer in Latin America.
   The Brazilian real traded at a three-month high Thursday, according to Bloomberg business news. The currency value, which has created such economic trouble in Brazil with the last five years, has now gained 12 percent in the last year, the strongest gain among the 70 currencies tracked by Bloomberg.
   The Brazilian government reported Thursday that the nation's July current account surplus rose to a record high. The government credited a surge in exports for the strength of the currency.
   Quoting foreign exchange analysts Fujisaki Socopa, the Bloomberg report said the economic situation in Brazil is expected to hold steady, with a strong trade balance, and continued high value of key commodities produced in Brazil. The report added the situation will remain the same because the U.S. Federal Reserve is expected to hold its benchmark interest rate steady during the coming month.