Brazil Real Drops on Speculation Credit Rating May Be Lowered
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Brazil’s real declined, giving up earlier gains, on speculation among traders that the nation’s credit rating may be lowered.
Credit-default swaps for Brazil rose while the benchmark stock index fell for a second day and interest-rate swaps jumped to an eight-month high. The real slid 0.4 percent to 1.9721 per dollar. It earlier advanced as much as 0.3 percent.