The spot U.S. dollar closed at its lowest level in nearly 21 months, amid a weaker global dollar and increased risk appetite across international markets. The move supported emerging-market assets and pushed Brazil’s Ibovespa above 186,000 points for the first time.
Our partner and Chief Economist, Luis Otavio Leal, analyzes the drivers behind this move and its implications for the Brazilian economy.
Read the full article in Valor Econômico.