RIO DE JANEIRO, BRAZIL - Whether it be a day of encouragement or of risk aversion in world markets, the dollar continues to hit a peak every session in nominal terms, showing that the bullish US currency is here to stay. In Wednesday's session, the dollar traded above R$4.35, renewing an intraday record high after closing last Tuesday at a new record high of R$4.3269.
As a result, in 2020 alone, the currency's appreciation has exceeded eight percent - and analysts and economists expect that the Brazilian real will not yet find the strength to climb . . .