Brasília – In day of turmoil for financial markets, the US dollar verged on R$ 3.20 and closed at its highest value in over a month. The United States currency was selling for R$ 3.183 at closing time this Tuesday (7th), up R$ 0.04 (1.29%). The dollar’s exchange rate against Brazilian currency was the highest since May 29th, when it had closed at R$ 3.187.
The American currency kept climbing throughout the day. Around 3:30 pm, it peaked at R$ 3.199, but lost steam during the final hours. The dollar has appreciated by 2.36% to date in July and 19.7% to date in 2015.
The US currency soared around the world due to tensions surrounding the Greek debt talks. Today, Eurozone finance ministers convened in Brussels to discuss the outcome of last Sunday’s referendum, when Greeks rejected the deal offered by the country’s creditors. On Wednesday (8th), Greece’s government is expected to deliver a counterproposal to be reviewed by the other Eurozone countries.
*With information from Agência Lusa. Translated by Gabriel Pomerancblum
