Brazil's real up almost 4% this week, biggest weekly rise since December

  • 5/7/2021
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BRASILIA, May 7 (Reuters) - Brazil’s real hit a four-month high on Friday, rounding off its strongest week of the year after surprisingly solid retail sales figures for March cooled fears that a deadly second wave of the COVID-19 pandemic might be pushing the economy into reverse. Also benefiting from the tailwinds from this week’s interest rate hike, the real rose to close trading at 5.2271 per dollar . That was up around 1% on the day and almost 4% on the week, its biggest weekly rise in five months. (Reporting by Jamie McGeever Editing by Chris Reese) Our Standards: The Thomson Reuters Trust Principles.

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