Dollar Climbs to R$5.58 Amid Brazil’s Fiscal Uncertainty

The dollar surged nearly 2% to R$5.586 on Thursday as investors adopted defensive positions over Brazil’s fiscal stability concerns. At 4:30 PM, the commercial dollar increased 1.74%, reaching R$5.579 for both buying and selling. On the B3 exchange, the first-maturity dollar futures contract (DOLc1) rose 1.69%, hitting 5,591 points. The previous day, the spot dollar […]