THE dollar (USDBLR) recorded this Friday the biggest increase since the first session of the year, after a back-and-forth trading amid a negative climate in the global financial markets, but nothing that prevented the currency from amending the second consecutive week of low, with investors looking back at the Brazil looking for bargains.
The spot dollar rose 0.75% this session, to 5.4579 reais on sale, after varying between a high of 1.09% (to 5.476 reais) and a fall of 0.23%, to 5.4048 reais.
The percentage gain at close is the strongest since January 3 (+1.63%).
Still, the coin accumulated a week’s low of 0.99%.
It is the second consecutive week of losses, since between the 10th and 14th the dollar had already retreated 2.12%.
In January, the quotation lost 2.07%.
Source From: Moneytimes
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