Brazil puts in a sharp reversal after a gauge of inflation slows and President Rousseff -...

|By:, SA News Editor

Brazil puts in a sharp reversal after a gauge of inflation slows and President Rousseff - speaking in South Africa - says anti-inflation policies are outdated. The two combine to give hope the central bank will refrain from what was thought to be an imminent hike in rates. EWZ +0.6%. The real (BZF) declines for a 7th straight day.