Brazil’s real rose after the government said it is ready to face any crisis while the central bank stepped up support for the currency following a rout that sent it to a record low last week.
The real advanced 2 percent to 4.0283 per dollar at 3:50 p.m. in Sao Paulo after earlier falling as much as 1 percent. The currency extended its gains after Treasury Secretary Marcelo Saintive said officials are working to shore up the budget and calm markets.
Brazil Energy Insight 
Leave a comment