Brazil real weakens 1 pct on Cyprus, weak European data
RIO DE JANEIRO, March 21 |
RIO DE JANEIRO, March 21 (Reuters) - The Brazilian real fell 1 percent on Thursday as concerns about a banking crisis in Cyprus and weak economic growth in Europe drove investors to the safety of the dollar.
The real traded as low as 2.0089 per dollar, past the 2-per-dollar mark that many analysts believed to be a boundary of an informal trading band imposed by policymakers.
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