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RIO DE JANEIRO, BRAZIL - The commercial dollar hit its 10th consecutive high, up 0.54 percent, and closed the day quoted at R$4.511 on sale. This is the highest nominal value (excluding inflation) at closing. The dollar has accumulated a 12.41 percent appreciation over the Real in 2020.

It was a day of high instability in global markets. The US Federal Reserve held an emergency meeting and announced a 0.5 point cut . . .

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