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Brasil’s real fell again because China, the country’s biggest trading partner, said it may curb overcapacity in industries including steel and cement meaning that demand for commodities From Brasil may drop.
Brasil shipped more than $10.4 billion of goods, including iron-ore and soybeans, to China in the first six months of 2009 which accounted for 15 percent of all Brasilian exports in the first half of the year.
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