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Dollar closes February down 2.82%; registers 4th straight monthly drop

RIO DE JANEIRO, BRAZIL - The commercial dollar closed up again Friday, February 25, rising 0.99%, to R$5.156, as the local market took off from its peers. The trend was cautious, with investors seeking protection before the Carnival holiday, which will paralyze trading on the B3 for 4 days.

The price was also pressured by the formation of the Ptax, the exchange rate calculated by the Central Bank and used as a reference for contracts in dollars. The Ptax is calculated daily, but is typically more volatile in the month's last trading session because this last Ptax . . .

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