Dollar Sets New Record High Against Real; Stock Market Rebounds

Up for the eighth consecutive session, the US dollar closed at R$4.481 this Friday, February 28th.

RIO DE JANEIRO, BRAZIL - On yet another day marked by fear of a global recession caused by the new coronavirus, instability has diminished. The dollar rose again and hit a nominal record since the creation of the Brazilian real, but the stock market interrupted the succession of drops.

Rising for the eighth consecutive session, the US dollar closed at R$4.481 this Friday, February 28th, up by R$0.006 (+0 . . .

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