Brazilian Real Recovers From Three-Month Low as China Stems Rout
- China moves to support stocks after plunge halted trading
- Brazilian January 2017 swap rates fall to five-week low
Sandler O'Neill's Albertson on Brazil Outlook
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Brazil’s real recovered from a three-month low and advanced as China increased efforts to stabilize markets a day after a rout in developing-nation assets.
The real rose 0.8 percent to 4.0078 per dollar in Sao Paulo. The real dropped 2 percent to a three-month low on Monday, the worst performance among 16 major currencies tracked by Bloomberg.