Brazil Real Rises From Four-Year Low After Currency Intervention
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The real climbed from its weakest level since 2009 after the central bank intervened for a fourth day this week to stem a selloff.
The currency appreciated 0.7 percent to 2.2422 per dollar at the close in Sao Paulo after falling for five straight days. Swap rates due in January rose six basis points, or 0.06 percentage point, to 9.16 percent, extending their increase since June 14 to 41 basis points.