RIO DE JANEIRO, BRAZIL - The dollar has increased 9% in almost two months, and is today (19) near R$ 5.40 in early trading, far from the R$4.50 to R$5.00 range projected in mid-year by some asset managers and analysts as the fair value for the exchange rate. It is also far from the R$5.10 projection in the Central Bank's latest Focus report.
According to Galapagos Capital manager Valter Unterberger Filho, many factors have changed over the past few months, from the global strengthening of the dollar amid expectations of withdrawal of . . .
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