Dollar takes a roller coaster ride in Brazil

The US dollar had a wild ride last week against the Real. At the beginning of the week it took 1.72 Reais to buy a dollar. But towards the end of the week that had jumped to 1.90 Reais for a dollar. The 52 week range was 1.5280 to 1.9033. The dollar closed the week at 1.8684. Brazil’s Central Bank will be watching the exchange market very closely next week in an effort to calm down foreign currency traders.