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Brazil Real Falls to R$3.34 per US$1, the Lowest in Twelve Years

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The U.S. dollar ended this Friday (July 24th) selling at R$3.347 to US$1, an increase of R$0.051 (1.65 percent) on the day. The Brazilian real is at its lowest to the dollar since March 31, 2003, when the dollar closed at R$3.355.

In the largest gap of the day, around 3:40 PM, the dollar was being sold at R$3.354. The U.S. currency is up 7.66 percent in July and 25.89 percent in 2015 compared to the . . .

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