Brazil Real Weakens as Traders Weigh GDP Surprise, Oil Gain

  • Disappointing report shows economic activity contracted 0.09%
  • Meanwhile, economists are more optimistic about 2017 outlook

The Slow Unraveling of Brazil, Explained in Two Minutes

Brazil’s real dropped as a rebound in commodities prices failed to offset a gloomy economic report showing efforts to kickstart growth are falling short.

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