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Dollar down to R$5.40, lowest level in 40 days, in expectation of Selic rise

RIO DE JANEIRO, BRAZIL - The commercial dollar closed Thursday, November 11, selling at R$5,404, down R$0,096 (-1.74%).

At the day's minimum, at around 2:15 PM, the price reached R$5.39. The currency is at its lowest value since October 1, after closing at R$5.369, and saw its largest daily drop since September 9, when it fell 1.85%.

With yesterday's performance, the currency accumulated a drop of 2.15% in the week and 4.28% in November. In 2021, the dollar is up by 4.14%.

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