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U.S. Dollar Closes at Lowest Value in Two Months in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The U.S. dollar depreciated against the Brazilian real for the fourth day in a row on Thursday, below R$3.20/US$1 and at its lowest value in more than two months. The depreciation was influenced by both foreign and domestic news.

The U.S. dollar closed at R$3.182/US$1, down by 0.57 percent after Brazil’s Speaker of the Chamber, Rodrigo Maia, said that the project amending the rules for repatriation by Brazilians with assets abroad can return to the Chamber’s agenda . . .

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