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 dollar is surpassing the R$ 5.40 mark amid market concerns about the Brazilian fiscal balance and the positive turn of the U.S. currency abroad in Sao Paulo, Brazil, on June 12, 2024. (Photo by Cris Faga/NurPhoto)

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  • ILEA002926265
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  • Cris Faga/NurPhoto
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    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)
      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)
        Dollar Soars And Reaches R$5.51 After Lula's Speech About Spending Cuts

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        The dollar is registering a 1.16% increase and is closing at R$ 5.518 on Wednesday, in Sao Paulo, Brazil, on June 26, 2024, reaching its highest nominal value since January 18, 2022, in a session of widespread appreciation of the American currency against other currencies abroad. The movement is being accelerated by statements from President Luiz Inacio Lula da Silva (PT) about Brazil's fiscal situation. (Photo by Cris Faga/NurPhoto)
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