Dollar Closes at R$5.99 and Renews Record Closing; Ibovespa Falls 2.4%

Holidays in the United States are usually a time of calm in the financial market. But Thanksgiving Day in the United States was a nervous day for Brazilian investors, as the long-awaited fiscal package was announced yesterday and fell far short of investors' expectations.

The disappointment was so great that the spot dollar hit the nominal value of R$6 for the first time in its history, slowed slightly and closed up 1.30%, at R$5.9910.

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