Brazil Real Weakens as Volatility Rises to Highest Since 2011By
Policy makers say they have tools to curtail instability
Real pared losses after new swap auction was announced Friday
Brazil’s real fell for a sixth day in seven sessions on Friday, capping a tumultuous week of trading that sent volatility to the highest level in almost four years amid concern that President Dilma Rousseff will fail to shore up the country’s budget.
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