Dollar rises to R$5.26 against the Brazilian currency and closes at the highest level since February

The U.S. currency reached its highest level since February 4, when it sold for R$5.32. In the last 16 trading sessions, the dollar rose in 13 sessions, with the currency reaching a high of 10.79% in June. In 2022, it will fall by 5.56%.

RIO DE JANEIRO, BRAZIL - The possibility that the United States could fall into recession has made global financial markets nervous. The dollar rose and closed at its highest level since February. The stock market even opened high but lost steam in the middle of the session.

The trading dollar closed at R$5.266 on Tuesday (28), up R$0.032 (+0.6%). The price started the day at a low and fell to R$5.19 at the daily minimum at 11 am but reversed the trend during the afternoon as pessimism consolidated in the international and local markets . . .

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