Dollar hits record low since November in week marked by COPOM and Fed interest decisions

The Brazilian real took turns with the Turkish lira as the best performing currency this session, following interest rate decisions in both countries.

RIO DE JANEIRO, BRAZIL - The dollar closed at its lowest level in over 3 weeks on Friday, capping a fourth straight drop to go below R$5.50 at the end of a week marked by a tighter Central Bank monetary policy and expectations of ample liquidity worldwide with low interest rates in the United States.

The real took turns with the Turkish lira as the currency with the best global performance this session, after the Central Banks of Brazil and Turkey surprised with higher-than-expectedSubscribe to our Premium Membership Plan. Already Subscribed?