Dollar declines weekly as interest rate differentials strengthen the real

The dollar remained nearly stable on Friday, September 19, 2025, closing at R$ 5.32, but experienced a weekly decline. The currency depreciated by 0.62% over the week, contributing to a 1.86% loss in September, driven by expectations of further real appreciation due to interest rate differentials. Analysts anticipate the dollar falling below R$ 5.30 in the short term, influenced by high interest rates and political factors, with projections for year-end and next year revised downwards.