Brazilian Real Faces Turbulence as Dollar Surpasses R$ 6 Mark

The Brazilian currency market experienced a rollercoaster ride on Thursday, December 12, 2024. The US dollar, which initially weakened against the Brazilian real following the central bank’s interest rate decision, rebounded strongly to close above the R$ 6 mark. This unexpected turn highlights the complex interplay of domestic and global economic factors shaping Brazil’s financial […]