Falling dollar closes at lowest rate in six months

In another positive day for the financial market, dollar plummeted and closed at the lowest rate in more than six months. The US currency ended Thursday (Mar. 10) sold at R$3.641, down 1.5%. The price is at the lowest level since August 31, when it had closed at R$3.627.

The dollar posts a decline of 9.04% for March and of 7.77% for 2016.

In addition to the domestic scenario, the market was driven by the European Central Bank's decision to cut all interest rates in the eurozone. The decision rose the Euro value before other currencies, and made dollar lose strength in international markets.

In BM&F Bovespa, an increase was reported after two consecutive days of drops, in which investors pocketed profits. São Paulo Stock Exchange Index (IBOVESPA) ended the day rising 1.86%, at 49,571 points.

Petrobras stocks, the most active stocks traded, rose. The common shares were up 2.62% and the preferred shares, up 4.61%.

Translated by Amarílis Anchieta