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Brazil Economy

Paíneis at the headquarters of Bovespa in Sao Paulo, Brazil, on August 21, 2018. The dollar jumped 2 percent on Tuesday and closed at 4 reais for the first time since February 2016, with investors beginning to put in prices the possibility of market-preferred presidential candidate Geraldo Alckmin (PSDB) not to go to the second round, since it continues without gaining traction in the dispute.The dollar advanced 2.01 percent to 4.0372 reais in the sale, the highest level since the 4,049 reais of February 18, 2016. It was the fifth consecutive high of the dollar, during which period it advanced 4.40 percent.At the high of the day, reached 4,0382 reais. The future dollar had appreciation of 1.70 percent. (Photo by Cris Faga/NurPhoto)

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