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Dollar Climbs to R$1.70 Against the Real: Daily

By Brennan Stark, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The U.S. dollar rose 1.78 percent against the Brazilian real according to Monday's closing figures. The rise effectively leaves the dollar worth just over R$1.70, its highest level since December 2010, but still well below its five year high of R$2.50 in December 2008.

Although the U.S. economy continues to struggle, economic crises in Greece and Italy have diverted some to pull funds . . .

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