The Brazilian real fell against the US dollar from Friday's New Multi-month high of 2.1970. The real declined to 2.2310 against the greenback at about 10:35 am ET, which may be compared to Friday's New York closing value of 2.2110. Currently the pair is worth 2.2200.

The National Motor Vehicle Manufacturers Association, or Anfavea, said today that Brazil's motor vehicle sales jumped in March by 36.2% to 271,442 units, compared to 199,366 units in February.

The Anfavea also said that Production for March rose 34.2% to 272,371 units and Exports of Brazilian-made cars rose 12.8% on the month to $620.3 million.

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