Brazil Real Falls to R$3.20 to US$1 in Lowest Exchange Since May

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - In an active day on the financial markets worldwide, the dollar reached R$3.20 and closed at the highest level in more than a month yesterday (July 7th). The U.S. dollar ended the day being sold at R$3.183, and hit the highest level since May 29th, when the U.S. currency had closed at R$3.187. The dollar is up 2.36 percent in July and 19.7 percent in 2015.

It has been a drastic change in currency values over the last five years, when . . .

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