Brazilian Real drops for second day amid dimmed GDP outlook

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Source: Bloomberg
Brazilian Real dropped for a second day, while a dimmed GDP growth outlook made the assets of South American nation less attractive for international investors. Brazil's Real weakened 0.7% to 2.5983 against the Dollar in Sao Paulo, while economists revised downwards their forecasts for GDP growth in 2015 from 0.38% to 0.13%.
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Mon, 26 Jan 2015 19:55:04 GMT

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