RIO DE JANEIRO, BRAZIL - For part of the market, factors that led to the recent depreciation of the U.S. currency have been priced in; but some see room for additional declines.
The dollar fell back to R$5.20 this week, the lowest level since January. The Brazilian currency led the gains on Thursday, May 6th, in a scenario of global investors' renewed appetite for risk and an increase in the basic interest rate in the country. The spot dollar traded down 0.45% at 10 AM on Friday, May 7th, at R$5.25, on its way to . . .