Analysis: Dollar down 6% since early March, back to R$5.40; will the slump continue?

Yesterday, the U.S. dollar registered only its second high in the past 10 trading sessions, but it is still down 5.8% since its peak on March 8, declining from R$5.80 to R$5.46.

RIO DE JANEIRO, BRAZIL - Analysts in Brazil assess that the U.S. currency may continue to drop, but it depends on the U.S. Federal Reserve and on Brazilian domestic politics.

Yesterday, the U.S. dollar registered only its second high in the last 10 trading sessions, although still down 5.8% since its peak on March 8th, from R$5.80 to R$5.46. The currency is at similar levels to those recorded in February, when it reached R$5.42 and is close to the median projections of financial market economists for the exchange rate at the . . .

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