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

Optimism prevailed in the financial market on a holiday in the United States. The dollar fell to its lowest value in 40 days. The stock market closed high for the third consecutive day and returned to the 107,000 points level.

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%.

The stock market . . .

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