Dollar Surges to R$5.53 Amid Global Uncertainties

The dollar strengthened against the Brazilian real on Tuesday, October 8, reaching R$5.53. This 0.8% increase reflected broader global trends. Investors sought safer assets due to worldwide uncertainties. The currency’s rise stemmed from three main factors: China’s economic situation, Middle East conflicts, and U.S. interest rate expectations. China’s economic outlook worried investors. The country’s National […]