(Bloomberg) -- Brazil's real rose to the highest in more than six years before retreating as currency from exporters and from purchases of local financial assets flood the market with dollars.
``Flows are so strong today that if the central bank doesn't act, the rate could move very, very close to 2.0-reais- per-dollar,'' said Luiz Pizani, a trader at Liquidez Corretora in Sao Paulo, one of Brazil's largest currency brokerages.
Read more at Bloomberg Currencies News
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