Currency picture in Brazil is not all justified by basic information – President of the Central Bank | Rio Times

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RIO DE JANEIRO, BRAZIL – Brazil’s real has suffered more than other growing currencies as investors adapt to changing liquidity conditions globally, but some of it has not been motivated by economic fundamentals, Central Bank President Roberto Campos Neto said on Tuesday.

At a live online event hosted by Arko Advice and Empiricus on the same day the central bank entered the market and sold $ 2 billion, when the real one reached a three-month low, Campos Neto said the central bank has large reserves and will continue to act as it deems appropriate. . .

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