This Friday, the U.S. dollar achieved a significant uptick against the Brazilian real, recording its strongest weekly appreciation in six months.
The dollar rose by 0.60% to 5.1213 reais, though it had earlier surged over 1% to reach 5.1496 reais.
By the day’s close, it had settled at its highest position since October 9, 2023, when it stood at 5.1315 reais.
This week’s performance marks the third consecutive weekly gain for the dollar, totaling a 1.11% increase—its most substantial since January.
Recent data disclosed that the U.S. consumer price index (CPI) increased by 0.4% last month, mirroring the rise in February.
Over the past year through March, the CPI grew by 3.5%, slightly above the 3.4% annual increase forecasted by economists.
US PPI rises for March below expectations; market skepticism persists regarding imminent Fed rate cut this semester.
Further comments from Federal Reserve officials underscored the sentiment.
The rising dollar benefits from higher U.S. market yields, making it more attractive to international investors.