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riotimesonline - 10 days ago

Brazil’s Reluctant FX Intervention may Give Brief Respite

RIO DE JANEIRO, BRAZIL - (Reuters) Brazil’s central bank took aim at currency speculators on Thursday, but its first market intervention in almost three months appeared to be a reluctant one and the effects may be short-lived given a dimming economic outlook for 2020. The central bank waded into the currency derivatives market selling US$1 [ ] The post Brazil s Reluctant FX Intervention may Give Brief Respite appeared first on The Rio Times.

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