Dollar rises after seven consecutive falls
After seven consecutive falls, the US dollar ended the last trading session higher, at R$5.51. The euro was quoted at R$6.16. The dollar’s movement in relation to other currencies showed significant fluctuations. The data is from the company Morningstar.
According to financial market experts, the market is still volatile, amid inflation expectations that have been rising over the last three months. This scenario has contributed to the exchange rate fluctuation.
Last Wednesday (18), the United States Central Bank reduced interest rates by 0.5 percentage points. It was the first drop in four years. Meanwhile, the Monetary Policy Committee (Copom) increased the basic interest rate in Brazil by 0.25 percentage points. As a result, the Selic rate rose to 10.75%. Scenarios like this also affect currency movements.
By Brasil 61
