Dollar trajectory divides analysts: Will the currency drop further or stabilize?

The change in the trajectory of monetary policy is one of the factors behind the 10.4% drop in the future dollar since its peak above R$5.88 reached in March.

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?