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Dollar breaches R$5.70 after tougher Fed speech

RIO DE JANEIRO, BRAZIL - The U.S. Central Bank's toughening of the U.S. interest rate hike caused turbulence in the global financial market. The dollar surpassed the R$5.70 threshold, on the third consecutive day of highs.

The commercial dollar closed Wednesday, January 5, at R$5.712, up R$0.022 (+0.39%). The quotation followed the pattern of recent days, dropping in the early afternoon, but gaining momentum towards the end of trading.

At its lowest of the day, the North American currency reached R$5.64. Once again, the Central Bank made no intervention . . .

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