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Real declines on bets Brazil will limit currency swaps rollover

Posted on 25 October 2013

Brazil’s real fell on speculation the central bank will limit rollovers of foreign-exchange swaps after the currency posted the world’s biggest two-month rally.
The real depreciated 0.3 percent to 2.1976 per U.S. dollar at 10:05 a.m. in Sao Paulo, the weakest level on a closing basis since Oct. 9. Swap rates on contracts maturing in January 2015 were unchanged at 10.49 percent………………………………………..Full Article: Source


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