Brazilian Stock Market Down 7.2 Percent, Worst Week Since March; 3rd Consecutive Monthly Drop

An extended Brazilian holiday before U.S. elections dictates caution in trade; the Central Bank needs to hold a spot auction to stop the dollar from soaring.

RIO DE JANEIRO, BRAZIL - The Brazilian stock market retreated on Friday, October 30th, amid the climate before the extended weekend and American elections, which will be held on Tuesday, November 3rd. The IBOVESPA dropped by 2.72 percent, to 93 . . .

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