Brazil’s Real Drops as Central Bank Halves Intervention Program
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Brazil’s real declined the most among major Latin American tenders after the central bank cut in half daily swap offerings supporting the currency.
The real fell 1.4 percent to 2.6942 per dollar at the close of trade in Sao Paulo, the biggest drop among regional currencies tracked by Bloomberg. The currency has lost 0.9 since Dec. 26, its sixth straight weekly decline in the worst stretch of losses since August.