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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Brazil real falls further after intervention threats

Posted on 23 September 2010

From Bloomberg: Brazil’s currency fell further today after Finance Minister Guido Mantega’s comments on the country’s sovereign wealth fund added to speculation the government may step up dollar purchases soon.
The real, which was already declining when Mantega spoke, fell 0.4 percent to 1.7183 per U.S. dollar today after gaining as much as 0.4 percent earlier……………………………………….Full Article: Source

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