Dollar Climbs Sharply, Hits Monthly High against Real amid Tensions

The currency dropped at the start of the week, but regained ground and reached its third straight high.

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 against . . .

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