Brazil to tolerate strong currency for now

An exclusive Reuters story on April 1 showed that Brazilian government officials were resigned to the strength of the country’s real currency and would not rush into taking measures to curb its rise. The real strengthened by more than 1 percent to hit its highest level since 2008 after the Reuters story was published. Analysts and traders said the Reuters story helped cast light on the shift of thinking among some top-level government officials and Reuters was credited in reports by rival media including Dow Jones.