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Brazilian Currency Bounces Back After Intervention Threat

Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the real's collapse. The real, which earlier in the session had tumbled to an all-time low of 4.248 to the U.S. dollar, bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate...

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