Dollar Soars And Reaches R$5.51 After Lula's Speech About Spending Cuts

Dollar Soars And Reaches R$5.51 After Lula's Speech About Spending Cuts

The stock market panel is showing activity in Sao Paulo, Brazil, on June 6, 2024. The Ibovespa is not only ending an uncomfortable sequence of six consecutive losses but is also ending with a robust increase of 1.23%, reaching 122,898.49 points, a gain of just under 1,500 points. Additionally, the commercial dollar is responding well and is falling significantly by 0.89%, to R$ 5.25. To top it off, future interest rates (DIs) are declining across the entire curve. (Photo by Cris Faga/NurPhoto)

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