Brazil: Dollar hits 20-Year high and threatens hope for drop against the real

Rising interest rates in the United States boost the price of the US American currency worldwide.

RIO DE JANEIRO, BRAZIL - The Dollar Index (DXY), a reference for the variation of US American currency prices worldwide, reached the maximum since 2002 on May 12, when it hit 104.54 points.

The index is formed by a basket of strong currencies, representing most of the dollar trades globally. This year alone, the DXY has risen more than in 2021. The accumulated appreciation in these first months of . . .

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