The Brazilian currency market experienced a notable shift on Monday. The US dollar, which had approached R$ 5.80 earlier in the day, weakened against the Brazilian real. This change was primarily driven by a significant increase in oil prices and anticipation of a new fiscal package. The spot dollar closed at R$ 5.7474, marking a […]
Dollar Drops to R$ 5.74 as Oil Prices Surge
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Rio Times Staff Reporters (RT Staff Reporters) is a team of reporters from Rio Times covering local news from Brazil as well as international stories making headlines.