Dollar’s Surge to Record Highs Reflects Brazil’s Economic Strain

On a notable Monday, the US dollar soared to a commanding position against the Brazilian real, closing at R$5.421. This 0.73% hike marked the highest value since early January 2023, contrasting starkly with global trends. Investors braced for the Central Bank of Brazil’s upcoming decision on the Selic rate, set at 10.50%, which stirred anticipations […]