Brazil Real Slumps on Greece – Commodities Concerns

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The real declined to a three-month low as Greece’s economic crisis damped the allure of emerging-market assets and contributed to a drop in prices for Brazil’s commodity exports.

The currency dropped for a third straight day, slumping 1.4 percent to 3.1810 per dollar at 11:28 a.m. in Sao Paulo, the weakest level on a closing basis since March 31.

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