Around the World's Markets: Sao Paulo
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Reports that the central bank had been forced to sell dollars for reals in an attempt to prop up thecurrency also hit sentiment. In afternoon trade yesterday, the Bovespa was down 1.56 per cent - or 114.34 points - at 7206.98. After slipping to a new record low of 1.77 against the dollar in early trade, the real recovered to 1.69 after reports of central bank intervention.
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