US dollar drops to R$5.33 as US inflation data calms markets

infomoney.com.br (Portuguese)

The US dollar fell to R$5.33 in Brazil, mirroring a global decline after US inflation data met expectations. The PCE inflation index showed a 0.3% monthly increase, with the annual rate at 2.7%. Core PCE also matched forecasts, influencing currency markets. This movement follows a previous day's rise for the dollar, with Brazil's current account deficit for August also reported as better than anticipated.


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US dollar drops to R$5.33 as US inflation data calms markets | News Minimalist