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Dollar Surpasses R$4.12 and Closes at Highest Value in Almost One Year

RIO DE JANEIRO, BRAZIL - Amidst heightened trade tensions between the United States and China, the U.S. currency rose again against the Real and closed at its highest level in almost a year.

The commercial dollar closed this Friday, August 23rd, at R$4.124,  which is 1.15 percent higher than the day before. The currency is at its highest since September 18th of last year (R$4.14).

The stock market suffered considerable losses. The Ibovespa Index, from B3 (São Paulo Stock Exchange), closed the day with a 2.62 percent drop, at 97,391 points. The . . .

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