Brazil sells dollars as real falls to record low

The Central Bank of Brazil
Central Bank of Brazil

The Central Bank of Brazil intervened in the foreign exchange market on November 26 to support the real, which fell to a new record low against the dollar.

The currency declined to 4.277 yesterday, following comments by finance minister Paulo Guedes that a weaker real was not a source of concern, and merely reflected lower interest rates.

Since July 19, the real has depreciated by 11.3% against the dollar, and was trading around 4.25 per dollar today (November 27). During this period, the

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