Dollar exceeds R$5.70 but subsides after largest Central Bank intervention since April

Shortly before 1 PM, the rate hit R$5.73, which prompted the Central Bank to sell US$2 billion of its international reserves.

RIO DE JANEIRO, BRAZIL - The commercial dollar closed Tuesday, March 2nd, selling at R$5.666, with an increase of R$0.065 (+1.17%).

On a day marked by high tensions in the financial market, the dollar hit the R$5.70 mark in the early afternoon, forcing the Central Bank (BC) to take action.

Still, the currency closed at its highest rate since early November. The stock market fell below 110.000 points, but reversed the trend and closed high.

The commercial dollar closed Tuesday, March 2nd, selling at R$5.666, with an increase of R$0 . . .

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