The real was little changed at 3.8606 per dollar as of 10:24 a.m. in Sao Paulo on Tuesday, after earlier gaining as much as 0.2 percent. The currency strengthened the most in eight weeks on Monday amid speculation of inflows linked to an auction of hydropower plants. Monday’s rally trimmed the real’s decline this year to 31 percent, the biggest depreciation among 16 major currencies tracked by Bloomberg.
Brazil Energy Insight 
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