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Dollar Soars to R$5 but Closes at Record R$4.78

RIO DE JANEIRO, BRAZIL - The dollar closed bullish on Thursday, March 12th, in another day of market turmoil after the World Health Organization (WHO) classified the outbreak as a pandemic and after US President Donald Trump banned travel from Europe to the United States for 30 days.

The US currency climbed 1.41 percent to R$4.7882 on closing, renewing a record high nominal close (excluding inflation). On opening, it . . .

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