Dollar closes higher, but remains below R$5.15; Vale ‘holds’ Ibovespa

SÃO PAULO (Reuters) – After three sessions of decline, the dollar in cash closed on Wednesday rising against the real, in line with the advance of the US currency abroad and the rise in Treasury rates, in a bond auction day in the United States.

The spot dollar closed the day at R$5.1492 on sale, up 0.40%. In April, the US currency accumulated an increase of 2.66%.

The Ibovespa closed the day slightly lower, with the increase in Vale shares mitigating the effect of the movement in North American Treasury bonds. Investors await US data to look for more clues about the Federal Reserve’s next steps.

The Ibovespa fell 0.07%, to 125,057.45 points, according to preliminary data, with the downward movement mitigated by Vale’s shares amid the recovery of iron ore in China and before the company’s balance sheet.

At the day’s high, the Ibovespa reached 125,472.55 points. At minimum, at 124,555.92 points. The financial volume on the exchange totaled R$17.68 billion before final adjustments.

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