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Itau Unibanco (ITUB) Stock Down As Brazil's Real Hits All-Time Low

NEW YORK (TheStreet) -- Itau Unibanco (ITUB) stock is slumping by 4.53% to $6.43 in midday trading on Wednesday, after the Brazilian real fell to an all-time low of 4.12 per dollar as the country contends with political and economic turmoil.

On Wednesday, Brazil's Congress voted to uphold some presidential vetoes, but postponed a vote on a bill that would raise judiciary workers' salary and cost the government 47 billion reais ($11.5 billion) through 2019, The Wall Street Journal reports.

Investors worry that lawmakers'...


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