Galípolo’s Nomination Fuels Dollar Surge Against Brazilian Real

In a recent development, the U.S. dollar (USDBRL) saw a notable rise, closing at R$ 5.5555, a near 1% increase from the previous session. This spike in value occurred amidst the Brazilian government’s announcement nominating Gabriel Galípolo, the current Director of Monetary Policy, for the presidency of Brazil‘s Central Bank. The currency peaked at R$ […]