Dollar Closes Sharply Down at R$5.54 with Prospects of Biden Victory

With the drop, the dollar has accrued a 3.35 percent decline in the month, although it still records a 38.31 percent rise in the year to date.

RIO DE JANEIRO, BRAZIL - The US dollar closed down by 1.92 percent, at R$5.5459 on Thursday, November 4th, with the markets' positive reaction to the election results in the United States, with Democrat Joe Biden drawing closer to victory. The result is the lowest since October 9th.

With the drop, the dollar has accrued a 3.35 percent decline in the month, although it still records a 38.31 percent rise in the year to date.

On Thursday, the Central Bank conducted a traditional swap auction of up to 12,000 contracts maturing in April and August . . .

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