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Itau Unibanco (ITUB) Stock Climbing After Brazil Central Bank Intervention

NEW YORK (TheStreet) -- Itau Unibanco (ITUB) stock is increasing by 1.27% to $6.40 in midday trading on Tuesday, after Brazil's central bank intervened in an attempt to prop up the real.

Earlier today, Brazil's central bank sold 20,000 foreign-exchange swap contracts worth $987.6 million and offered $2 billion in credit lines, which caused the real's volatility to spike to a four-year high of...


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