Brazil Real Falls After Bernanke Lowers Stimulus Expectation
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Brazil’s real weakened after Federal Reserve Chairman Ben S. Bernanke said he won’t take immediate action to stimulate the economy, reducing demand for higher-yielding assets.
The real fell 0.2 percent to 1.5791 per dollar at 5 p.m. New York time, from 1.5755 yesterday. The currency earlier strengthened as much as 0.4 percent.