Photographer: Dado Galdieri/Bloomberg

Brazil Real Rises as China Intervention Bolsters Terms of Trade

  • Finance Minister Barbosa reaffirms commitment to fiscal target
  • China stepped up efforts to curb bearish bets on the yuan

The real gained as China stepped up efforts to buttress the yuan, improving the outlook for Brazilian exports, and after Brazil’s government reiterated its commitment to meeting the fiscal target.

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