Brazil’s Real Leads Global Losses as Rout Seen Gaining Momentum

The real fell for a fourth straight day, declining 0.6 percent to 3.4723 per dollar at 10:36 a.m. in Sao Paulo, the weakest level on a closing basis since March 2003. The average directional index increased to 35.7, above the level of 25 that some traders interpret as a sign that a trend will last. The currency has tumbled 23 percent this year in the worst performance among 31 major currencies.

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