July 3, 2013 / 8:21 PM / 4 years ago

Brazil finmin says currencies overreacting to global outlook

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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.

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