São Paulo – The Brazilian Central Bank (BC) intervened this Thursday (30) to bring back down the dollar, which, for a period, had surpassed BRL 4.20. The BC announced it sold USD 1.5 billion worth of currency swaps. After the announcement, the dollar came back down to BRL 4.1463, still up 0.78% over the previous day.
The last currency swap held by BC was in June, when the financial market was reflecting the impact of the truckers’ strike, between the end of May and beginning of June.
Ibovespa, the main stock index of the São Paulo Stock Exchange (Bovespa) ended the day going down 2.53% with 76,404 points. Preferred shares of Eletrobras, with three subsidiaries auctioned this Thursday, drove the decline with a depreciation of 5.75%.
Following the trend, shares of large companies also slid, such as Petrobras (-2.69%), Vale (-1.32%), Itaú (-3.85%) and Bradesco (-3.97%).
Translated by Sérgio Kakitani
