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Brazil real snaps a 4-day losing streak on stepped-up intervention

The Brazilian real firmed on Wednesday as government intervention helped the currency snap a four-day losing streak triggered by U.S. President-elect Donald Trump’s surprise victory.

The real rallied as much as 1.1 percent before trimming gains to trade 0.5 percent higher at 3.42 reais, buoyed by steps taken by the central bank and the National Treasury to stanch the sell-off.

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Categories: Uncategorized

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