Brazilian Real Drops as China Import Decline Damps Flow Prospect
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Brazil’s real fell the most in two weeks as a decrease in China’s imports damped the prospect of flows from the Latin American nation’s biggest trading partner.
The currency slid for a third straight day, losing 1.5 percent to 3.1213 per dollar at the close of trade in Sao Paulo. The drop was the biggest on a closing basis since March 27.