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Dollar rises 2.39% and closes at R$ 5.21



Dollar rises 2.39% and closes at R$ 5.21

The dollar closed at R$5.21 this Tuesday (6.Jul.2021), up 2.39%. This is the highest value since May 31 this year. The US currency fell below R$ 5 on June 22 for the first time in more than 1 year. It remained below this level for 7 days and rose again with the caution of investors. The 1st time the dollar surpassed R$5 was on March 16, 2020. Investors are cautious with the political scenario in Brazil. The dollar rose for the 6th consecutive day. Operators are apprehensive about internal political conflicts, such as the CPI of Covid-19, the drop in popularity of President Jair Bolsonaro and the intention of former President Lula to revise the spending ceiling if elected president in 2022. intention of the President of the Chamber, Arthur Lira (PP-AL), to create ranges for the taxation of profits and dividends in the tax reform proposed by the federal government. which will indicate the future of the country's interest rate. The price of oil is another topic on the radar. The price of a Brent barrel reached US$ 77.83 on Monday (5.Jul.2021). It fell 3.02% this Tuesday (6.Jul), to US$ 73.83, but the high price leads investors to question the future of inflation.
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Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.