Thornburg Investment Management Portfolio Manager Charlie Wilson in Reuters

EMERGING MARKETS-Brazil’s real hits 4-week high on hopes of easing political instability

Nov 1 (Reuters) – Brazil’s real hit a four-week high on Tuesday, before paring some of the gains, amid continued optimism that Luiz Inacio Lula da Silva’s victory in the presidential election would likely allay the country’s political instability.

The real BRBY, BRL= was set to start November on a positive note, rising as much as 0.9% against the dollar index =USD to hit a four-week high of 5.134.

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