Brazil's real up on biggest single day gain ever

BRAZIL - Brazil's real broke a nine-session losing streak Thursday posting its biggest single day gain ever on hopes that help from the International Monetary Fund is on its way.

The real was also boosted by a large central bank intervention that saw the monetary authority sell at least $235 million on the spot market to ease liquidity a day after the real plunged 5.5 percent.

The real closed 3.16 to the dollar Thursday up 9.22 percent from Wednesday's close of 3.47.

Brazil's currency is feeling

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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