News

Dollar, São Paulo Stock Exchange drop

14 de junho de 2016

The international scenario weighed down on financial Brazilian markets this Tuesday (14). The United States currency closed at BRL 3.48 for sale.

São Paulo – The international scenario influenced Brazilian financial markets this Tuesday (14). The US dollar remained bullish throughout the day, but lost strength and close at BRL 3.486 for sale, a 0.19% drop that came after a three-day upward run. The São Paulo Stock Exchange’s main index, Ibovespa, closed down 2.04% to 48,648 points.

Reuters said the impending interest rate hike by the United States Federal Reserve made investors “cautious” about foreign markets. The chance that Britain might exit the European Union also bred apprehension in financial markets worldwide – a referendum on the matter is slated for June 23. Besides, Brazil’s ongoing political crisis keeps spilling over into financial markets.

*Translated by Gabriel Pomerancblum