Year-End Dollar Demand And New Taxes Push Brazil’s Real Toward R$5.60

Key Points The dollar traded near R$5.59 early Tuesday after Monday’s 0.97% rise to R$5.5844, with an intraday peak around R$5.6075. Remittances of interest and dividends surged into year-end, even as the dollar eased globally and the yen firmed on intervention warnings. Charts look stretched near R$5.60–R$5.61, leaving flows and central bank liquidity as the […]