Dollar closes at R$5.76 and reaches highest level since 2021
The US dollar closed the last trading session up 0.92%, quoted at R$5.76. This is the highest level since 2021. The euro, in turn, closed at R$6.23. The data is from the company Morningstar.
The real came under pressure due to expectations for spending cuts, which will be announced by the government’s economic team. Even though the market views the measure as positive, the lack of concrete announcements still raises doubts about the results.
The market’s expectation was that the package would be released at the beginning of this week, but the lack of announcements by the government caused frustration among investors.
By Brasil 61
