Wednesday, June 19, 2024

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The spot dollar closes 1.10% higher at R$5.2103 on sale

The spot dollar closed sharply higher against the real on Wednesday, more than 1%, returning above 5.20 reais, with prices reflecting the US currency’s advance against other foreign currencies and strong labor market data Brazilian, who supported the surge. in future interest rates.

In the session leading up to the Corpus Christi holiday in Brazil, some investors also sought protection for the U.S. currency as markets overseas will remain open on Thursday.

The spot dollar ended the day at 5.2103 reais on sale, up 1.10%. This is the highest closing value since April 18, when the currency was quoted at 5.2508 reais. In May the currency accumulated a rise of 0.34%.

At 5.10pm, on B3, the first expiry dollar futures contract rose 0.97% to 5.2100 reais on sale.

Source: Terra

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