Brazil

United States dollar plunges to 4.88 reais, its most affordable worth in over a year

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On Friday (June 9), the commercial dollar dipped to a low of R$ 4.86 but concluded the day at R$ 4.88, a decrease of 0.97%.This represents the lowest end-of-day value since June 7, 2022, when it was R$ 4.87.Concurrently, the Ibovespa, the primary index of the B3 (São Paulo Stock Exchange), surged by 1.33% to 117,019 points.Over the week, the US currency depreciated by 1.54%, dropping from R$4.95 to R$4.88.Market participants responded favorably to June's economic indicators, which showed a deceleration .

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