Brazil Real Fluctuates as Local Optimism Blunted by Oil Decline

Brazil’s real swung between gains and losses as oil fell and the dollar strengthened against most currencies, offsetting reassuring messages from the economic team in Latin America’s largest economy.

The real gained 0.1 percent to 3.19 per dollar at 12:16 p.m. in Sao Paulo, after falling 0.2 percent. The Bloomberg Dollar Spot Index, which tracks the U.S. currency against a basket of its top peers, added 0.5 percent. The real is still on course to close stronger for the fourth consecutive week.

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