Dollar Nears R$5 as Fed Meeting Looms
The dollar rose against the Brazilian real on Friday, nearing the R$5 mark, after U.S. data prompted caution ahead of next week’s Federal Reserve policy meeting. It closed up 0.22% at R$4.9986, touching above R$5 during the day, with a weekly gain of 0.34%. Thursday’s data showed higher-than-expected U.S. Producer Price Index rise, while retail […]