Brazil finmin says currencies overreacting to global outlook

BRASILIA, July 3 Wed Jul 3, 2013 4:19pm EDT

BRASILIA, July 3 (Reuters) - Brazil Finance Minister Guido Mantega on Wednesday said Brazil's currency, the real, is overreacting to concerns over global liquidity conditions, in line with what is happening to many other currencies worldwide.

The real has weakened nearly 10 percent against the U.S. dollar so far this year as investors eye a potential slowdown in asset purchases by the U.S. central bank.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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