The dollar closed down 1,24%, at R$ 5,33, after turbulence.
The dollar fell against the real on Friday, a day after negative reactions from the so-called "market" to Lula's speech.
247, with Reuters - The dollar fell against the real on Friday, the 11th, a day after negative reactions from the so-called "market" following Lula's speech at the Banco do Brasil Cultural Center in Brasília, the headquarters of the government transition commission. The president-elect criticized "fiscal stability," arguing that it is necessary to prioritize social issues over matters that only interest the financial sector.
The US dollar spot rate closed down 1,24%, at 5,3299 reais for sale, but ended the trading session well above the day's lowest level, when it plummeted 2,73% to 5,2493 reais. On the B3 exchange, at 17:07 PM (Brasilia time), the first-maturity dollar futures contract was down 0,24%, at 5,3600 reais.
Despite Friday's drop – which some investors also attributed to a technical adjustment after the more than 4% jump on Thursday – the dollar still surged 5,49% against the real for the week, its biggest gain since the week ending May 8, 2020 (+5,56%), when global markets were still feeling the initial effects of the Covid-19 pandemic.
Last week, following Lula's victory, the US dollar had fallen 4,71%.
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