Loading…
The spot dollar closed 1.07% higher at R$6.0652 on the sell side, a new all-time closing record and its fifth straight daily gain. The move reflected reaction to Trump's threats against BRICS and to Brazil's fiscal package, and the dollar is up about 25% this year.
A record-high dollar against the real raises the local cost of imported feed inputs in Brazil and reflects market pressure from fiscal and trade uncertainty.
en.brasil247.comRedação Brasil 247Dec 2, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Dec 2 spot dollar record close at R$6.0652 and fifth straight gain directly document the move, attributed to the fiscal package and Trump's BRICS threats.
