São Paulo – In keeping with the upward curve seen in the last few days, the US dollar closed this Monday (9th) selling for R$ 3.1297, up 2.4% from last Friday (6th). It was the sixth straight daily price increase for the currency, which was up 7.02% over the last six trading days, according to Reuters. Today’s was the highest price since June 2004.
Uncertainty regarding Brazil’s economy and the international dollar price hike are some of the reasons for the rising dollar in Brazil. Additionally, this Monday afternoon, rating agency Moody’s has issued a statement saying the Petrobras corruption probe is a “potential threat” to public and private sectors alike in Brazil.
*Translated by Gabriel Pomerancblum
