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

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

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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