Brazil’s Real Recovers as Forecasters Hold Their Dollar Call

Markets: Brazil Key Facts —The rate. The official PTAX rate closed at R$5.1490 per dollar on Tuesday, August 25 — the real’s strongest close in two weeks — after slipping to R$5.2236 on August 14, Central Bank data show. —Rate cuts. Copom lowered the Selic to 14.00% on August 5, the fourth consecutive cut in…