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Brazil is Prepared for US Dollar at R$4.10 or R$4.20, Says Guedes

RIO DE JANEIRO, BRAZIL - "The government does not fear the US Dollar above R$4 because Brazil has good fundamentals," said Brazil's Minister of Economy, Paulo Guedes, on Thursday, 15, emphasizing that the devaluation of the Real may contribute to the reindustrialization of some sectors, such as textiles, footwear, and auto parts.

"If the Dollar goes to R$4.10 or R$4.20 we are prepared," said Guedes in a speech during the closing talk of a seminar on oil and gas in Rio de Janeiro.

He stressed that he does not believe in the possibility of a . . .

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