U.S. Dollar Hits Highest Exchange Rate: Daily

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL - One U.S. dollar soared to R$2.391 on the close of trading in São Paulo on Thursday, January 2nd, marking the biggest decrease in conversion of the currency in four months. Analysts attribute the decline can be attributed to the Brazilian government’s plan to reduce the amount of intervention the make in support of the national currency.

Thursday was the first time the Brazilian real has fallen to a . . .

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