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Brazil’s Real Tumbles Amid Slow Growth

By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian real reached its lowest point in four years last week as disappointing first quarter financial results indicated sluggish economic growth and prompted the Brazilian Central Bank to intervene in the currency market for the first time since March.

On May 31st, the currency tumbled to R$2.1443 per dollar, its lowest value since 2009, while the Brazilian stock exchange, the IBOVESPA, fared no better, closing at 56 . . .

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