Dollar Surges 10% Post-Election; Banks Flag Overreaction, Congress as Counterweight
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Brazilian equities closed up 1.39% on the day, bringing the weekly gain to 0.34% and the index to 168,500.56 points. The U.S. dollar strengthened 1.54% over the week to R$5.508. The move suggests continued risk appetite in local equities despite currency depreciation, which may reflect domestic political or external factors.
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