No menu items!

Dollar drops below R$5.20 after sharpest weekly slump since May

RIO DE JANEIRO, BRAZIL - The dollar marked its fifth drop in 6 trading sessions on Friday, hitting a 2-week low below R$5.20 in the wake of a global weakening of the greenback after the U.S. Federal Reserve signaled a delay in the stimulus cut and minimized chances of an interest rate hike.

The price reaction comes before a busy week ahead, with a heavy indicator agenda, such as Brazil's second-quarter GDP and the U.S. employment report for August.

In comments in preparation for a speech at the Jackson Hole bankers' conference, Fed chief . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content