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Modest Dollar Gain Amid Brazil’s Rate Cut Forecast
On Thursday, the US dollar saw a slight uptick against the Brazilian real, closing up by 0.11% at R$4.9797. This mild increase came even as the dollar strengthened globally. Investors reacted to the Brazilian Central Bank’s cautious tone in its recent monetary policy announcement. The dollar’s rise to R$4.9797 came amidst a broader 0.80% increase […]