The commercial dollar closed this Thursday, 28th, up R$0.037 (or 0.74%). At the end of the day, the North American currency reached R$5.0153. The price operated with stability during the morning, but soared in the afternoon.
+ Read more Economy news on the Revista Oeste website
According to the news agency Reutersthis performance was due to the formation of Ptax, the daily average exchange rate calculated by the Central Bank (BC) that serves as a basis for negotiations with public debt.
In nine days, this was the first time that the North American currency closed above R$5. The dollar’s rise in the month of March was 0.86%. In the year to date, the appreciation reaches 3.35%. In the international market, the real was the most penalized of a list of 33 currencies.
+ Read also: “Haddad wants to ‘arrest’ the dollar”
According to the news agency, the dollar rose across the planet following the upward revision of the United States’ Gross Domestic Product (GDP) in the fourth quarter of last year. The increase in activity complicates the task of the Federal Reserve (Fed), the Central Bank, of cutting the country’s basic interest rates.
Stock Exchange
Contrary to this scenario, the Ibovespa index, on the Stock Exchange (B3), ended the day at 128,106 points, with an increase of 0.33% in the stock market. The indicator was driven by Petrobras, the most traded shares, which rose due to the international rise in oil prices. Despite Thursday’s rise, the Brazilian stock market lost 0.71% in March.
