Dollar exceeds R$5.60 at the close of the last session
The dollar surpassed R$5.60 at the close of the last session. This level had not been reached for about a month. The American currency reached R$5.65, but retreated throughout the session, closing up 0.50%. The euro, in turn, closed at R$6.14.
The results came after President Lula defended the Income Tax exemption for individuals who earn up to R$5,000. For financial market analysts, the position raises concerns regarding Brazil’s fiscal health.
Furthermore, according to economists, the higher-than-expected inflation figures in the United States, added to the tensions of conflicts in the Middle East, increased the fear of investors, who opted for safer currencies at the moment.
The data is from the Morningstar Company.
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