Brazilian Currency Rises From Four-Year Low After Tax Eliminated
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Brazil’s real rose from a four-year low after the government removed a 1 percent tax charged on wagers against the dollar in a second easing this month of capital controls to stem the local currency’s rout.
The real appreciated 1.7 percent to 2.1212 per U.S. dollar after declining yesterday to 2.1564, the weakest level since May