RIO DE JANEIRO, BRAZIL - The reduction of global uncertainty with Joe Biden's victory in the U.S. elections and the beginning of approval of vaccines against the novel coronavirus led to the dollar losing momentum in the last two months in 2020.
Analysts had noted that the global economy could have entered a new and lasting period of a weaker U.S. currency, benefiting emerging countries like Brazil. But this was not what was observed in Brazil in the first week of the year.
The dollar closed high on Friday, January 8th, and saw its highest weekly gain in . . .
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