Brazilian Real Plunges and Underperforms Latin American Peers

On August 1, 2024, the U.S. dollar strengthened notably against the Brazilian real and other currencies. This change resulted from global economic shifts and specific geopolitical events. On that day, the USD/R$ rate hit a high of R$ 5.7383, marking a 1.46% increase from the previous day, and closed at R$ 5.7268. Heightened geopolitical tensions […]