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Brazil’s Real Falls to R$4.03 to the Dollar at Start of 2016

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The foreign exchange market in Brazil closed down on the first business day of the new year, with the US dollar appreciating against the Brazilian real by 2.17 percent. The Brazilian real closed on Monday (January 4th) at R$4.034/US$1, the lowest value of the Brazilian currency since September 29th, 2015.

In a very volatile day, the Brazilian real dropped as low as R$4.06 . . .

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