Dollar reaches 5 reais after U.S. inflation data

Higher prices in the United States reinforce the expectation that the Federal Reserve (Fed, the U.S. central bank) will tighten its interest rate policy. Higher interest rates in advanced economies encourage the outflow of resources from emerging economies like Brazil.

RIO DE JANEIRO, BRAZIL - In another day of nervousness in the international market, the dollar rose substantially and leaned against R$ 5. The stock market fell to its lowest level in a month and ended the week with losses of more than 5%.

The commercial dollar closed at R$ 4.986 on Friday (10th), up R$ 0.073 (+1.49%). The price moved in the upper range throughout the day, reaching a high of R$5.01 around 11:30 am.

The North American currency reached the highest level since May 16, when it closed at R$5.052. This . . .

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