Friday, November 30, 2012

Reuters: US Dollar Report: Brazil real weakens 1 pct against dollar

Reuters: US Dollar Report
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Brazil real weakens 1 pct against dollar
Nov 30th 2012, 17:09

SAO PAULO | Fri Nov 30, 2012 12:09pm EST

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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