Brazil's Real Declines Ahead of Voting on Repatriation Bill
- Bill could collect less revenue for government than planned
- Real posted biggest drop among 16 most-traded currencies
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Brazil’s real declined as investors waited for Congress to vote on a bill that may end up bringing in less revenue for the government than initially expected.
The currency declined 0.4 percent to 3.7610 per U.S. dollar Wednesday in Sao Paulo. It was the worst performer among 16 major currencies tracked by Bloomberg.