Dollar Closes below R$4 for First Time in Over Two Months

On another day of optimism in financial markets, the US currency closed below R$4 for the first time in over two months and the stock market once again set a record high.

RIO DE JANEIRO, BRAZIL - The commercial dollar closed this Monday, October 28th, sold at R$3.992, down R$0.017 (-0.44 percent). The last time the currency closed at this level was on August 15th (R$ 3.99).

The dollar traded down throughout the session. At the lowest point of the day, around 12 noon, the rate reached R$3.975. The currency has accumulated a drop of 3.94 percent so . . .

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