Brazilian regulators make the right move

BRAZIL - Brazil's central bank has done its share of manoeuvring to stem the damaging plunge of the country's currency this year.From tweaking reserve requirements to sudden auctions of currency-linked bonds to pumping $50 million daily into the system, Brazilian monetary officials have appeared to exhaust the policy book, in vain. The real has depreciated by more than a quarter of its value this year against the dollar.This past week however, Brazilian officials may have temporarily hit the

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