# Dollar drops to R$5.03 and closes at the lowest value since June 15 - Latin america News

> The commercial dollar closed at R$5.033 on August 29, down 0.88% and at its lowest since June 15, and is down 2.73% in August. Brent crude closed near US$104, its highest since late June, on expectations OPEC would cut supply. Emerging-market currencies gained as commodity prices rose.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/40234-dollar-drops-to-r-5-03-and-closes-at-the-lowest-value-since-june-15-latin
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer real makes Brazilian commodity exports pricier in dollars, while higher oil supports biofuel-linked demand for vegetable oils and corn ethanol feedstocks.

## Read by commodity

- BRENT: bullish ▲
- USDBRL: bearish ▼

## Sources

- latin-american.news: https://latin-american.news/dollar-drops-to-r5-03-and-closes-at-the-lowest-value-since-june-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.