Dollar Dips Below R$5.60 as Government Hints at Spending Cuts

The Brazilian real strengthened against the US dollar on Monday, October 14, 2024. The dollar closed at R$5.582 for both buying and selling, marking a 0.59% decrease. This drop occurred despite the dollar’s rise against most other emerging currencies globally. The day began with the dollar gaining ground against the real. Investors favored the US […]