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Dollar drops almost 3% after elections and Brazilian currency is highlight

The US dollar opened in a sharp drop of 2.91%, trading at R$5.238 on Monday, October 3, with investors reacting positively to the results of the weekend elections.

The real is the currency that appreciates the most among the world's major currencies.

The biggest surprise of the vote was the strength of the right-wing candidates, which proved to be greater than predicted by polls.

For Etore Sanchez, chief economist at Ativa, the . . .

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