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Brazilian Real Reaches Lowest Level Against US Dollar Since 1994

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Brazilian real devaluated again on Thursday against the U.S. dollar, with the North American currency registering an appreciation of 1.21 percent during the day and closing at R$4.20/US$1, the highest level since the creation of the Real Plan in 1994.

The highest foreign exchange rate before Thursday had been in January of 2016, when Brazil’s real closed at R$4.16/US$1.

Despite the depreciation of the local currency, Brazil’s Finance Minister said the government will not take additional measures . . .

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