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RIO DE JANEIRO, BRAZIL - The dollar started March at an eight consecutive nominal high against the Brazilian currency, nearing R$4.49, after an earlier downward adjustment attempt frustrated by constant uncertainty about the economic effects of the coronavirus worldwide.

The real performed weaker than the vast majority of its emerging peers, which were appreciating on a day of some respite in global markets as investors clung to triggering signals from central banks.

The underperformance of the Brazilian . . .

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