Dollar Soars: What’s Behind the Recent Surge to R$ 5.25?

Today, the U.S. dollar surged to R$ 5.2564, its highest level in six weeks. By 3:50 PM, it had settled above R$5.2540, up over 0.90%. So, what’s driving this sudden spike? Several factors contributed to this increase. First, falling commodity prices played a significant role. Prices for raw materials like steel and oil have dropped […]