Dollar Soars to Yearly High Against Brazilian Real as Uncertainties Loom

On Monday, the U.S. dollar soared to its highest value against the Brazilian real since January 4, 2023, closing at R$5.357. This spike mirrors broader global financial trends and escalating political unease in Europe. Domestically, Brazil’s fiscal uncertainties significantly influenced the Central Bank’s interest rate decisions, further propelling the dollar’s ascent. Today’s market saw the […]