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Dollar has highest drop since March with relief on domestic fiscal concerns

RIO DE JANEIRO, BRAZIL - The dollar closed down sharply on Tuesday (24), the steepest drop since March that pushed it to an 11-day low, with the Brazilian real leading gains in global foreign exchange markets amid easing domestic fiscal concerns.

The second consecutive day of commodity rally contributed to the dollar drop in Brazil and worldwide, in addition to the optimistic trading day in the New York stock exchanges, but it was the comments of Brazil's Chamber of Deputies president Arthur Lira that spurred the market.

In an Expert XP 2021 event for investors, Lira ruled out that . . .

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