Brazil Real Falls on Speculation Central Bank to Step Up Dollar Purchases

(Bloomberg) -- Brazil's real fell on speculation the central bank may step up dollar purchases to slow the currency's 5.8 percent rally this year.

Inflows from commodity exports and foreign investment will keep boosting the real, prompting the central bank to be more active buying dollars, said Jorge Knauer, manager of the foreign exchange trading desk at Rio de Janeiro-based Banco Prosper SA.


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