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Brazilian real: Dollar and long rates retreat; political scene continues on investors’ radar

RIO DE JANEIRO, BRAZIL - The commercial dollar opened the week falling, as financial agents evaluated the easing of the temperature of the domestic political scene and the prospects that the Central Bank (BC) will have to make more aggressive moves in raising interest rates given inflation expectations for 2022.

Around 10 AM, the commercial dollar was down 0.78%, at R$5.2251 in the spot exchange market. At the minimum, the U.S. currency fell to R$5.2041.

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