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Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.
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Brazil's real sank on Thursday after a
widely expected interest rate cut, while concerns over a
resurgence in COVID-19 cases kept broader Latin American markets
off balance.
The real fell more than 1% after the Monetary Policy
Committee cut rates further into record-low territory overnight
while ind
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