Economy

Dollar falls to year-lowest R$3.88

In the stock market, the Ibovespa index closed out the day up 1.75%

Mariana Branco reports from Agência Brasil

Published on 02/03/2016 - 19:37

Brasília

The dollar closed out the day for the second time straight this Wednesday (Mar. 2), down 1.35% to R$3.88, this year's lowest rate. But the US currency was also seen to depreciate compared to other currencies around the world, amid news about the hike in oil prices.

In Bovespa, the São Paulo Stock Exchange, the Ibovespa—the number one index in the Brazilian stock exchange—finished the day at 44,893 points, up 1.75%.

Translated by Fabrício Ferreira de Oliveira

Fonte: Dollar falls to year-lowest R$3.88