Dollar rises to R$5.19 against Brazilian currency, highest level since February

The U.S. currency rose 0.81% on Monday (20), as investors watch what's happening at Petrobras.

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 . . .

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