The real fell from a four-month high on speculation Brazil will limit gains in the currency after it posted the world’s biggest rally.
Brazil’s real extended the biggest three-month drop among major currencies on speculation a $60 billion intervention program isn’t enough to stem the slide.
Brazilian wholesale prices are rising faster than economists forecast, as a 14 percent slide in the currency over the past six months pushes up the cost of imports and commodities.
Brazil’s swap rates climbed for the first time in a week as higher-than-forecast inflation spurred speculation that the central bank will sustain the pace of borrowing-cost increases.
Brazil’s real strengthened for the first time in three days after central bank president Alexandre Tombini said he is ready to provide liquidity as needed to reduce volatility.
The real advanced to its highest level in a month as China, Brazil’s biggest trading partner, bolstered the central bank’s efforts to support the currency.
General Motors Co .’s 1,300 workers in Antwerp, Belgium, are fighting for their jobs, hoping for a white knight to rescue the factory from closure.
Brazil’s real rose for a seventh day after a single investor made a sale of foreign currency in the local market, according to BGC Liquidez DTVM, the country’s second largest currency brokerage.
Brazil’s swap rates dropped as a report indicating slower-than-forecast inflation spurred speculation that the central bank will limit increases in borrowing costs.
Brazil’s real tumbled to the weakest level since November on concern Greece may default on its debt, limiting capital inflows to emerging markets.
"The central bank announced in the past that it would roll over some currency swaps before they matured, so the market will be speculating about that until they mature."
- Francisco Carvalho on Oct 14, 2013