Economics
Brazilian Real Rises as Short-Dollar Reserve Requirements Eased
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Brazil’s real rose for the first time in four days as the central bank eased reserve requirements on bets against the dollar to boost the local currency.
The real appreciated 0.5 percent to 2.0890 per U.S. per dollar at the close in Sao Paulo. Swap rates on contracts due in July 2014 increased two basis points, or 0.02 percentage point, to 7.27 percent.