Dollar Records 6.6 Percent Weekly Drop, Closes Below R$5 for First Time Since March

The United States records a reduction in unemployment and shares expected economic rebound.

RIO DE JANEIRO, BRAZIL - The dollar again closed down sharply after the United States surprisingly recorded a drop in unemployment in May. The result was considered one of the best in history, given the circumstances. As a result, the US currency broke the R$5 barrier and closed below this level for the first time since March 26th.

On Friday, June 5th, the dollar dropped 2.8 percent and closed at R$ 4.988. During the week, depreciation stood at 6.6 percent. The tourism dollar retreated by three percent to R$5.24.

Yesterday morning, the US Labor Department . . .

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