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Dollar falls 2.63% in Brazil's market, largest one-day fall in six months

Businesses were not influenced by the domestic political scene,
Wellton Máximo reports from Agência Brasil
Published on 08/04/2016 - 19:54
Brasília
dólares
© Arquivo/Agência Brasil
dólares

In an optimistic day for the Brazilian and foreign markets, the US dollar posted the largest one-day drop since September and closed at R$3.597, down 2.63%.Arquivo/Agência Brasil

In an optimistic day for the Brazilian and foreign markets, the US dollar posted the largest one-day drop since September and closed at R$3.597, down 2.63%. In percentage terms, it was the sharpest decline recorded since September 24, when its price fell 3.73%.

In stock market, the day also brought gains. São Paulo Stock Exchange index, Ibovespa, posted a high of 3.67%, at 50,293 points this Friday (Apr. 8).

There were several outstanding shares. Petrobras stocks rose 5.53% (common shares) and 7.27% (preferred shares). Banco do Brasil stocks also rose 11.53%, and Vale mining company stocks rose 8.19% (common shares) and 8.36% (preferred shares).

Businesses were not influenced by the domestic political scene—discussing President Dilma Rousseff's impeachment proceedings—, but by the positive performance in the international market. The world's major stock markets jumped. Brent crude surpassed $41 for the first time in two weeks.


Translated by Amarílis Anchieta


Fonte: Dollar falls 2.63% in Brazil's market, largest one-day fall in six months