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Brazil real weakens 1 pct against dollar
November 30, 2012 / 5:10 PM / 5 years ago

Brazil real weakens 1 pct against dollar

SAO PAULO, Nov 30 (Reuters) - The Brazilian real slid on Friday after data showed the country’s economy grew only half what economists expected in the third quarter, suggesting the government may resort to a weaker currency and low interest rates to prop up economic activity.

At 3:06 p.m. (1706 GMT), the real lost 0.92 percent to 2.116 per dollar after weakening over 1 percent earlier in the session.

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