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Brazil’s Real Closes Above R$3.50 to the Dollar in 8-Month High

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - After a sharp fall on Monday (April 11th), the U.S. dollar closed below R$3.50 for the first time in eight months. The Brazilian real (BRL) has been rallying against the dollar and is up 2.83 percent in April already, and 11.48 percent in 2016.

Yesterday the dollar fell by R$0.102 (-2.83 percent) and closed the day sold at R$3.495 on the market. The price was at the lowest level since August 21st last year when it was sold at R$3 . . .

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