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Brazilian Real Leads Losses as Central Bank Signals Less Support

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Brazil’s real led global declines as the central bank signaled less support for the currency and analysts forecast a deeper 2015 contraction in Latin America’s largest economy.

The real slid 1.9 percent to 2.8954 per dollar at the close of trading in Sao Paulo, the worst performance among 31 major currencies tracked by Bloomberg. The local tender tumbled 5.6 percent in February, its sixth straight monthly loss.