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Brazilian Real Holds Firm as IOF Tax Debate Shapes Currency Markets

Summary by The Rio Times

The Brazilian real opened the morning of June 4, 2025, steady against the US dollar at R$5.6387. The previous session saw the real gain for a second consecutive day, closing at R$5.6358 after a 0.70% advance. This performance diverged from global trends, as the dollar index (DXY) rose 0.58% against major currencies. Local factors, not […]

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Brazilian Real Holds Firm as IOF Tax Debate Shapes Currency Markets

The Brazilian real opened the morning of June 4, 2025, steady against the US dollar at R$5.6387. The previous session saw the real gain for a second consecutive day, closing at R$5.6358 after a 0.70% advance. This performance diverged from global trends, as the dollar index (DXY) rose 0.58% against major currencies. Local factors, not […]

2 days ago·Brazil

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The Rio Times broke the news in Brazil 2 days ago on Wednesday, June 4, 2025.

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