Real Leads Declines as Brazil Central Bank Support Falls Short

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The central bank almost doubled the amount of foreign-exchange swap contracts that it will offer to roll over Friday after a reduction in early July. Ibovespa futures dropped after Petroleo Brasileiro SA, the state-controlled oil company at the center of a burgeoning corruption scandal, reported earnings that trailed forecasts.

The real dropped for a seventh straight day, falling 0.5 percent to 3.5535 per dollar at 9:40 a.m. in Sao Paulo, the weakest level since March 2003. Ibovespa futures contracts expiring in August slid 0.3 percent to 49,860.

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