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An important reason for foreigners' relative optimism is the robust state of Brazilian foreign reserves.
Foreign reserves have shrunk.
Foreign reserves are being depleted.
Foreign reserves have been run down.
Foreign reserves are essentially unchanged this year.
Foreign reserves are down; unemployment is up.
The country's foreign reserves are running out.
Foreign reserves of $40 billion quickly evaporated.
Argentina's foreign reserves are close to a seven-year low.
China's central bank alone has $1.8 trillion in foreign reserves.
Foreign reserves hit $195 billion at the end of April.
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