Brazil’s real fell toward a 12-year low as a devaluation in China, the nation’s biggest trading partner, damped prospects for exporters.
Ibovespa futures dropped and iron-ore miner Vale SA tumbled in early U.S. trading after the decision by China triggered the yuan’s biggest one-day drop since January 1994. The real joined a decline in developing-nation currencies as the move rippled through global markets.
Brazil Energy Insight 
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