Brazil's Real Declines as Economists Reduce 2016 GDP Forecast
- Analysts in central bank survey see 2.67% contraction in 2016
- Political crisis seen delaying measures to curb budget deficit
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Brazil’s real fell to a six-week low on worsening prospects for the economy as President Dilma Rousseff fights attempts to impeach her.
The real dropped 0.1 percent to 3.8734 per dollar, its lowest level on a closing basis since Oct. 28, after earlier sliding as much as 1.3 percent.