RIO DE JANEIRO, BRAZIL - The dollar opened high on Thursday, December 5th. At around 9:30 am the dollar reached R$ 4.22, but reversed the trend in the early afternoon and began to fall.
Market participants attributed the dollar's sudden decline to market interventions by the Brazilian central bank.
A few days ago, Donald Trump had accused Brazil and Argentina of keeping the value of their currencies artificially low.
In the stock market . . .
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