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Dollar hits R$5.45 and closes at its highest since April

RIO DE JANEIRO, BRAZIL - On a tense day in Brazil and abroad, the dollar bounced back to R$5.45 and closed at its highest since the end of April. The stock market tumbled and the Ibovespa index returned to 110,000 points.

The commercial dollar closed Monday, October 4, selling at R$5.447, up R$0.077 (1.44%). The price came close to stability in the first trading hour, but began to rise after the U.S. market opened.

The U.S. currency is at its highest value since April 27, when it closed at R$5 . . .

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