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Brazil’s stock index Ibovespa falls 1.4% on political tensions as dollar rises to R$5.209

RIO DE JANEIRO, BRAZIL - The Ibovespa was knocked down by the political scenario for the second day in a row on Tuesday, July 6. The attention of investors focused on the accusation that President Jair Bolsonaro had coordinated a scheme of "rachadinhas" [salary kickbacks] when he was a member of Congress. This was reflected in the stock market, where only three stocks closed in positive territory.

Ibovespa, the main index of the B3 exchange, closed down 1.42% at 125.103 points, the lowest since the end of May. At its minimum for the session, Ibovespa fell below the symbolic . . .

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