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RIO DE JANEIRO, BRAZIL - The spot dollar closed Monday down 0.43% at R$5.2186, its lowest since September 6 last year (R$5.1764).

The day was varied in the global exchange markets, with the dollar index rising steadily on a day of declines in some emerging currencies, including part of Latin America's. However, other pairs of the Brazilian real appreciated, such as the Mexican peso and the Russian ruble.

Concerns over a conflict between Russia and Ukraine justified a more defensive stance in global financial markets throughout the day, but the Brazilian currency once again beat . . .

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