No menu items!

US dollar plunges to 4.88 reais, its lowest value in over a year

On Friday (June 9), the commercial dollar dipped to a low of R$ 4.86 but concluded the day at R$ 4.88, a decrease of 0.97%.

This represents the lowest end-of-day value since June 7, 2022, when it was R$ 4.87.

Concurrently, the Ibovespa, the primary index of the B3 (São Paulo Stock Exchange), surged by 1.33% to 117,019 points.

Over the week, the US currency depreciated by 1.54%, dropping from R$4.95 to R$4.88.

Market participants responded favorably to June's economic indicators, which showed a deceleration . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content