August 20, 2013 / 12:05 AM / 4 years ago

Brazil advises investors not to make big bets against the real

SAO PAULO, Aug 19 (Reuters) - Brazil’s Finance Minister Guido Mantega warned investors on Monday against making big bets against the real, saying they could lose money if the currency recovers.

“It’s only natural that investors want to make money, but they could lose money in the future,” Mantega told reporters in Sao Paulo, adding that Brazil has an free-floating exchange rate that “fluctuates in both directions.”

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