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Brazil’s Real Falls on Speculation Central Bank Buys $1 Billion

Brazil’s real fell the most in a week, helped by speculation the central bank purchased more than $1 billion of U.S. currency in the spot market.

The real declined 0.3 percent to 1.6777 per U.S. dollar at the close of trading today, from 1.6735 yesterday. The currency, which gained 0.4 percent this week, has advanced 38 percent since the end of 2008, the most among 25 emerging-market currencies tracked by Bloomberg.