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Brazilian Real Devalues Further Despite Central Bank Intervention

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Dollar closes at lowest level in eight months to Brazilian real, Rio de Janeiro, Brazil, Brazil News

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not even the auctions announced by Brazil’s Central Bank (BCB) on Friday night, after markets had closed, managed to hold the US currency’s appreciation in relation to the Brazilian real at the start of this week. The US dollar closed on Monday, May 20th, at […]

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