Brazil Currency Preview

Monthly inflation slowed in January for the first time in four months as food prices depreciated.
Consumer prices, as measured by the benchmark IPCA index, rose 0.54 per cent in January, lower then a 0.74 percent jump in December. The growth was less than the average forecast of 0.60 percent in a Blomberg survey of 29 economists.
The real rose 0.39 per cent to 1.7426 per dollar.
The yield on the zero-coupon, real-expressed bond due in January 2009 fell 13 basis points or 0.13 percentage point, to 11.755 percent, according to Banco Votorantim SA