Brazilian Real Breaks Key Support as Dollar Dips Below 5.67 Amid Bearish Momentum

Brazilian Real Breaks Key Support as Dollar Dips Below 5.67 Amid Bearish Momentum

The USD/BRL exchange rate settled at 5.6625 on Friday morning, continuing a downward trend that began earlier this week. The Brazilian real has gained momentum against the US dollar, reaching levels not seen since October 2024. Trading data from May 17 shows the currency pair declining by 0.25% from the previous day’s close of 5.6633. […]

Inverting the behaviour seen in the morning, the dollar was signed down in front of the real at the second stage of the season (16). The dollar was closed at a decrease of 0.16%, R$ 5.6695. On the week, however, the U.S. currency was valued 0.26%, with the domestic tax returning to the investors' radar, after a 90-day rate between the United States and China at the end of the week. Thus, the real height in the month was diluted to 0.13%. After t…