INSUBCONTINENT EXCLUSIVE:
dollar broke new ground against the Brazilian real, crossing the R$6.20 mark for the first time
broader economic uncertainties
Investors sought refuge in the U.S
currency as global tensions increased
trading, the dollar settled at R$6.0961, setting a new record for the second day in a row
This movement stood out as the dollar performed differently against other major currencies.Several factors drove this surge
The release of minutes from the latest Monetary Policy Committee meeting also played a role.The committee raised interest rates to 12.25%
and hinted at future increases, citing the strong dollar and fiscal package as key reasons
part of a larger $12.760 billion intervention since mid-December
Arthur Lira committed to considering these measures soon, though their approval remains uncertain
one of the highest real interest rates globally, but even this premium fails to attract investors
nearly 24% of its value this year, ranking among the worst performers in emerging markets
