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Sovereign Wealth Funds Briefing - Categorized | Financials

Brazil real weakens sharply on intervention fears

Posted on 16 September 2010

From Reuters: Finance Minister Guido Mantega said on Wednesday Brazil could use the country’s sovereign wealth fund to soak up extra dollar inflows as a result of a massive fundraising plan by state-owned oil company Petrobras.
Brazil’s currency weakened sharply on Wednesday after the government threatened to step up its efforts to curb the real’s rapid appreciation……………………………………….Full Article: Source


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