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Dollar Hits R$4 and Closes at its Highest in Seven Months

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The U.S. currency rose yesterday 0.52 percent and peaked at R$4.0217, the highest closing level since October 1st (R$4.0174).

For the year, the dollar has increased its value by 3.16 percent.

Uneasiness permeated the stock market, too. The Ibovespa, the main index of B3 (former São Paulo Stock Exchange), ended the day with a 0.51 percent drop to 91.623 points, the lowest level in four and a half months since January 3rd. At that time, the index had closed at 91 . . .

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