Ibovespa closes higher after Moody’s raised Brazil’s outlook; dollar goes to R$ 5.11

Ibovespa, the Brazilian stock market reference index, closed up 0.95% this Thursday (02), at 127,122.25 points, after the risk rating agency Moody’s raised Brazil’s outlook to positive and maintained risk rating.

The market also reacted to the United States central bank’s decision, the day before, to maintain the country’s interest rate. The actions of Bradesco It is Weg were among the biggest falls after first quarter results.

At the day’s high, it reached 127,670.16 points. At minimum, 125,925.55 points. The financial volume in the trading session totaled R$18.4 billion.

Dollar

The dollar closed sharply down 1.53% against the real, quoted at R$5.1135. It was the biggest percentage drop in a single day since August 23 of last year, when it dropped 1.63%. On November 3 last year, the dollar had also fallen 1.53%.

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