Brazil’s real declined the most in a week after economic data from China, the country’s biggest trading partner, sparked a slump in currencies of commodity-producing nations.
The real lost 1.1 percent to 3.8084 per dollar as of 11:28 a.m. in Sao Paulo, after rising as much as 0.6 percent earlier. A gauge of 20 developing-nation currencies declined for the third straight day, sinking to a record low. China’s imports slumped for a record 13th straight month, albeit at a slower-than-estimated pace. The drop is a drag on other economies as the Asian nation’s flagging industrial plants need less raw materials.
Brazil Energy Insight 
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