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Brazil real closes flat at 1.773/dlr in dull trade

SAO PAULO: Brazil's currency, the real, closed at 1.773 per dollar on Monday, the same as Friday's six-month high, after a lackluster trading session ahead of a local Sao Paulo holiday, traders said.

They said dollar flow was positive on Monday but not big enough to prop the real further up.

Banks in Sao Paulo, the country's financial capital, and the benchmark Bovespa stock exchange will be closed on Tuesday to celebrate the founding of the city.

Last week, the real strengthened significantly following two foreign bond issues in less than a week. Fresh dollar inflows then pushed the currency to its six-month high.-Reuters