RIO DE JANEIRO, BRAZIL - The possibility that the United States could fall into recession has made global financial markets nervous. The dollar rose and closed at its highest level since February. The stock market even opened high but lost steam in the middle of the session.
The trading dollar closed at R$5.266 on Tuesday (28), up R$0.032 (+0.6%). The price started the day at a low and fell to R$5.19 at the daily minimum at 11 am but reversed the trend during the afternoon as pessimism consolidated in the international and local markets . . .
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