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Posts Tagged ‘Brazil’

Buying $1 Billion a Day Swells `Fiscal Cost’ for Meirelles: Brazil Credit

Buying $1 Billion a Day Swells `Fiscal Cost’ for Meirelles: Brazil Credit
Brazilian central bank President Henrique Meirelles is making his boldest bid in 11 months to contain gains in the real as traders estimate he’s buying as much as $1 billion a day in the foreign-exchange market.

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