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Analysis: Brazil financial market no longer expects a falling dollar rate: quite the contrary

RIO DE JANEIRO, BRAZIL - Although the calculations of most market participants indicate that the dollar is "too expensive", the expectation about the fall of the American currency has decreased.

According to the latest Focus bulletin, the economists' consensus for the dollar price at the end of the year changed for the first time in a month, from R$5.20 to R$5.25.

The adjustment in estimates comes amid a series of hikes that sent the U.S. currency to its highest level in six months this week. The appreciation of the dollar, which reached more than 5% in . . .

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