Dollar Closes at R$5.24, Highest in Nine Days, While Oil and Stock Prices Retreat

Amidst the uncertainties over the evolution of the Covid-19 pandemic, the commercial dollar soared for the third straight day and closed at its highest in nine days.

RIO DE JANEIRO, BRAZIL - On Wednesday, April 15th, the currency closed at R$5.242, up R$0.052 (+1 percent). This was its highest since April 6th, when the quotation had closed at R$5.292.

The price increased throughout the session. At the high of the day, around 12 noon, the currency pulled in at R$5.26. The dollar has accumulated a 30.64 percent increase in 2020.

The Central Bank (BC) intervened in the market. As in recent days, the monetary authority has rolled over US$1 billion in foreign exchange swap contracts, equivalent to the . . .

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