The Brazilian real is also rising against the U.S. dollar this year, advancing more than 4.5 percent. The currency also popped 1.3 percent Monday.
Brazil’s most recent economic uptick comes at a time when the U.S. economy is showing signs of a slowdown.
The Labor Department said Friday that consumer prices fell 0.3 percent in March, marking the biggest drop since January 2015. Also Friday, the Commerce Department said retail sales dropped 0.2 percent last month, more than expected.