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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Reserve Currencies

Brazil’s real fluctuates as Petrobras sale offsets intervention

Posted on 24 September 2010

From Bloomberg: Brazil’s real fluctuated between gains and losses as concern that the government’s sovereign wealth fund will buy dollars offset foreign investment in the sale offering by Petroleo Brasileiro SA.
The real rose 0.1 percent to 1.7171 per dollar at 1:05 p.m. New York time, from 1.7183 yesterday……………………………………….Full Article: Source


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