Brazil’s real rose after the government said it is ready to face any crisis while the central bank stepped up support for the currency following a rout that sent it to a record low last week.
The real advanced 1.2 percent to 4.0620 per dollar in Sao Paulo after earlier falling as much as 1 percent. The currency extended its gains after Treasury Secretary Marcelo Saintive said officials are working to shore up the budget and calm markets...............................................Full Article: Source
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