–Brazil real exits active trading at BRL1.9778 Vs BRL1.9972 Friday
–Real gains on rising hopes that Greece will remain in euro zone
–Exporters sell dollars as traders point to early-month “overshooting”
SAO PAULO (Dow Jones)–The Brazilian real ended active trading stronger against the U.S. dollar Monday as exporters sold dollars to the market following a period of what traders called “exaggerated” losses for Brazil’s currency.
The real ended regular trading at BRL1.9778 to the dollar, stronger against Friday’s close of BRL1.9972, according to Tullett Prebon via FactSet.
As recently as last …