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Brazilian stock exchange experiences biggest drop since March (May 4)

RIO DE JANEIRO, BRAZIL - On a volatile day in the financial market, the Brazilian stock market experienced its largest drop since mid-March. The dollar opened the day high, but cooled down over the afternoon until it closed with a slight appreciation.

The IBOVESPA index, from B3, closed Tuesday, May 4th, at 117,712 points, with a 1.26% drop. The indicator traded low for most of the session, but the drop intensified in the afternoon, influenced by bank shares and by external markets. This was the IBOVESPA's largest drop for one day since March 23rd.

The commercial dollar . . .

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