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247 – Bank of America Merrill Lynch badesses that the electoral uncertainty regarding the October elections and the trade dispute between the United States, China and the European Union should elevate the dollar at the level of R $ 5.50, in the worst case planned by the institution. At best, according to the bank, the dollar will reach the end of the year at R $ 3.65, against R $ 3.52 from the previous projection.
Bank of America points out that, in addition to the external scenario, economic conditions are beginning to influence the prices of the American currency. "The risk has risen sharply in recent weeks due to the worsening outlook, growing concerns over the Brazilian elections and the greater impact of the truckers' inaction in the economy," says the bank's report on this.
According to the paper signed by economists David Beker and Ana Madeira, in the worst case, inflation would reach 7% and the gross domestic product (GDP) would suffer a significant decline.
On Monday (2), the dollar closed the price above R $ 3.90, up 0.59%, the highest since June 7th.
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