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Brazilian real leads emerging currencies’ decline

Posted on 09 January 2013

The Brazilian real led declines among emerging-market currencies Tuesday on concerns that higher future energy prices could stifle economic growth in Latin America’s biggest economy.
Driving the worries, the Folha de Sao Paulo newspaper reported that Brazil’s government might have to ration energy as it is concerned that low water levels in reservoirs could put a strain on energy capacity………………………………………..Full Article: Source


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