São Paulo – Weak global trading volumes caused the São Paulo Stock Exchange’s main index Ibovespa to slip this Friday (16). Petrobras and Brazilian steel companies’ shares fell, pulling the index down 1.43% to 57,079 points.
The US dollar was down 1.02% to BRL 3.268. The euro and the pound also dropped. Another factor was a statement from Central Bank governor Ilan Goldfajn that forex market interventions could be scaled back in the event of a United States interest rate hike, which would buoy the real relative to the American currency.
*Translated by Gabriel Pomerancblum