Dollar Rises for 10th Consecutive Day and Closes at New Record R$4.511

The dollar has accumulated a 12.41 percent appreciation over the Brazilian real in the year. The dollar dropped sharply after the Fed's announcement, but then rebounded to its upward trend.

RIO DE JANEIRO, BRAZIL - The commercial dollar hit its 10th consecutive high, up 0.54 percent, and closed the day quoted at R$4.511 on sale. This is the highest nominal value (excluding inflation) at closing. The dollar has accumulated a 12.41 percent appreciation over the Real in 2020.

It was a day of high instability in global markets. The US Federal Reserve held an emergency meeting and announced a 0.5 point cut . . .

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