Brazil Real Rises as Currency Support Offsets Rousseff Poll Gain
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Brazil’s currency advanced from a one-week low as the central bank’s support for the currency overshadowed economic concern stoked by a poll indicating increased support for President Dilma Rousseff.
The real climbed 0.6 percent to 2.2106 per dollar at the close of trade in Sao Paulo, erasing its decline earlier today. It fell yesterday to 2.2236, the weakest level since June 24. Swap rates on contracts maturing in January 2016 declined two basis point, or 0.01 percentage point, to 11.11 percent today.