As dollar nears R$5.00, analysts point to trend with favorable scenario for Brazilian Real

Although the drop had been occurring since last week, it was only on Tuesday that it drew attention by breaking the R$5.20 barrier, which was also the minimum for 2021.

RIO DE JANEIRO, BRAZIL - Since May 21, the US currency has lost 4.97% in value against the Brazilian Real and is at its lowest price since December 2020.

Over the R$5.40 level since February, the dollar began a downward trend in early May when it broke this threshold, accelerating its decline since May 21 and heading towards the R$5.00 mark.

The trend gained momentum after the release of Brazil's first quarter GDP (Gross Domestic Product), which came in better than expected. Nevertheless, investors are still in doubt as to whether this exchange rate will . . .

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