Brazil's stocks and currency firmed on Friday as lower-than-expected inflation data signalled local interest rates may stop rising, tempering the impact of a political crisis that shook local markets this week. Fears that new corruption allegations involving the government would surface during the weekend also abated, traders said, giving investors some relief.
Brazil's currency, the real, strengthened 0.92 percent to 2.474 per dollar after having weakened about 2.8 percent from Monday through Thursday.