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U.S. Dollar Registers Highest Daily Hike in Brazil in 8 Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Still trying to adjust to the United States’ election results, the Brazilian foreign exchange rate registered the highest daily appreciation of the U.S. dollar against the Brazilian real of the past eight years on Thursday (November 10th) with the North American currency closing up by almost five percent at R$3.361/US$1. The U.S. dollar closed at its highest rate since July 7th, 2016.

Due to the surge of the U.S. dollar in the foreign exchange rate, Brazil’s Central Bank interrupted its customary reverse . . .

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