Brazilian Currency Rallies to Level Stronger Than 2 Per Dollar
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Brazil’s real rose to a level stronger than 2 per dollar for the first time in a month after the central bank supported the local exchange rate with currency swap auctions last week.
The real appreciated 1.2 percent to 1.9854 per U.S. dollar. The last time on an intraday basis that it traded stronger than 2 per dollar was May 30. The currency rallied 2.8 percent last week, the most since the five days ended Jan. 13.