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Itau Unibanco (ITUB) Stock Slides as Brazil's Real Hits All-Time Low

NEW YORK (TheStreet) -- Itau Unibanco (ITUB) stock is sliding by 1.73% to $6.26 in early afternoon trading on Thursday, as the Brazilian real tumbles to fresh all-time lows as the country struggles politically and economically.

In its sixth straight day of declines, the Brazilian real fell today by 0.7% to a record low of 4.23 per dollar, despite two interventions by the central bank yesterday that were meant to prop up the currency, MarketWatch reports.

The higher the...


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