On Tuesday, Brazil took extraordinary measures to prevent the collapse of its currency. In recent weeks, as investors have increasingly worried about surging government budget deficits, the Brazilian real has accelerated its decline. The Brazilian central bank has actively taken a series of actions, and on Tuesday, it sold US dollars in the local market twice in one day, exceeding 3 billion US dollars. The bank has intervened four times in three days. This move temporarily halted the sharp drop. Since the beginning of this year, the real has accumulated a decline of over 20%, hitting a record low and leading the decline among major currencies. The real rose 0.4% against the US dollar at the close in São Paulo, reversing earlier losses of 1.2%. Local market traders said that the Brazilian lower house added two spending cut bills to the voting arrangements on Tuesday, which also supported the real.
巴西央行一天之内两度出售美元 雷亚尔跌势暂歇
The Brazilian central bank sold US dollars twice in one day, temporarily halting the decline of the real.
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