Dollar Soars and Closes at R$5,76; Tourism Rate Hits R$6

At the peak in the day, the U.S. currency reached its highest exchange rate since May 18th.

RIO DE JANEIRO, BRAZIL - The dollar closed Wednesday, October 28th, traded at R$5,7599, an increase of 1,31 percent. Earlier, it had hit R$5.7900, its highest in a single session since May 18th (R$5.8025). At its minimum, it reached R$5,7025. The tourism exchange rate hit R$6,0186.

On the partial month so farl, the dollar has accumulated an increase of 2.52 percent. On the year, it has appreciated 43.65 percent.

The hike lost momentum following Central Bank intervention, which sold US$1.042 billion in a cash auction on . . .

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