Analysts: Dollar to Reach R$4.40, Could Continue High Until Economy Grows Rapidly

A scenario of low-interest rates and a weak Brazilian economy corroborate the dollar's bullish mood; as a result, the Brazilian real should not find the strength to climb in the short to middle term.

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 . . .

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