Dollar at R$4.40 Reflects New Exchange Rate Paradigm in Brazil

Falling interest rates and the good performance of the US economy should keep the dollar strong. Devaluation weighs down consumers' pockets, but makes exporters happy.

RIO DE JANEIRO, BRAZIL - The rise of the dollar has become a topic of discussion and concern for Brazilians in recent days. The US currency renewed record highs and this Friday morning stood at R$4.40, the highest rate ever reached during trading.

Carnaval, profit-taking before the holiday and the rise of emerging currencies abroad are factors behind the dollar's rise from R$4.02 on January 2nd to this Friday's . . .

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