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Brazil to fight bets against exchange rate, minister says
December 7, 2012 / 11:16 AM / 5 years ago

Brazil to fight bets against exchange rate, minister says

BRASILIA, Dec 7 (Reuters) - The Brazilian government will intervene in the currency markets every time that investors bet against the real, Trade and Industry Minister Fernando Pimentel said on Friday.

Any currency interventions will aim to protect competitiveness, Pimentel said, adding that the exchange rate regime continues to be a floating one.

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