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Dollar Climbs Sharply, Hits Monthly High against Real amid Tensions

RIO DE JANEIRO, BRAZIL - With tensions returning to the financial market, the dollar resumed its bullish trajectory after a brief respite at the start of the month, when it dropped below the R$5 level. The combination of a worsening external scenario and a worrying political and economic climate in Brazil pushed the US currency to its peak in a month.

At 3:45 PM (Brasília time), the dollar appreciated 2.36 percent . . .

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