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Brazil: renewed rapid rise in the dollar and further decline in the stock market due to uncertainty over economic policy

Uncertainties in relation to economic policy hindered the performance of the financial market for the second day in a row.

The Ibovespa, the leading indicator of the stock market, closed the day at 104.1 thousand points, a fall of 2.1%.

The dollar surpassed the R$ 5.45 barrier, closing at R$ 5.4520, 1.75% more than Monday.

The interest of the Interfinancial Deposit (DI) contract for January 2024 rose from 13.53% to 13.72% per year.

Analysts and operators point out that the market has been seeking predictability. And the signs are not favorable for the . . .

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