Several Factors May Push US Dollar Above R$6; Why Analysts Do Not Expect a Drop

Experts point out that Brazil is becoming less and less attractive when compared to other emerging economies, which has weighed on the exchange rate.

RIO DE JANEIRO, BRAZIL - Amid yet another sharp hike in the dollar against the real, the US currency is heading to exceed the R$6 mark, just two months after topping R$5 for the first time in history, in a crisis scenario as a result of both the coronavirus pandemic and heightened political tension.

On Wednesday, May 13th, the commercial dollar closed with an appreciation of 0.61 percent, quoted at R$5.9007 in buying and R$5.9012 in selling, once again renewing its historical maximum.

And as the negative scenario continues in the country, analysts began . . .

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