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Brazil Real Weakens to 2 Per Dollar for First Time Since 2009

Brazil’s real tumbled to 2 per dollar for the first time in almost three years as Finance Minister Guido Mantega said the exchange rate doesn’t worry the government, encouraging bets the currency may fall further.

The currency extended the biggest loss against the dollar this year among the 16 most-traded counterparts tracked by Bloomberg after economists reduced their forecast for the target lending rate as Greece’s debt turmoil and China’s slowdown weighed on the prospects for global growth.