Brazil’s real declined along with the currencies of other developing countries as crude tumbled amid concerns that turmoil in global markets will drag on.
The real dropped 0.7 percent to 3.9565 per U.S. dollar as of 9:54 a.m. in Sao Paulo, the lowest level on a closing basis since Feb. 2. Three-month implied volatility on the currency, a projection for currency swings, advanced 0.2 percentage point to 20.7 percent, to the highest among 16 major currencies tracked by Bloomberg.
Brazil Energy Insight 
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