Dollar rises to R$5.19 against Brazilian currency, highest level since February
RIO DE JANEIRO, BRAZIL – The commercial dollar rose 0.81% to R$5.19 on Monday (20). This is the highest value for the US currency since February 14 this year, when it closed at R$5.22.
Investors are watching the local political scenario with the replacement of the president of Petrobras and the upward trend of interest rates abroad. During the day, the exchange rate moved between R$5.14 and R$5.19.
Financial market players are showing concern about rising interest rates in the world to control global inflation. Higher interest rates are likely to affect economic growth in countries.
In addition, there are uncertainties regarding the presidential elections in 2022, and the tensions created by the war between Ukraine and Russia also worsen the investment scenario.
In 2022, the dollar fell so far by 6.99%.
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
Brazil runoff, Sunday, October 25: Brazil runoff start time and results schedule. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.