São Paulo – After a week of instabilities in the financial market, the dollar closed this Friday (20th) in decline. According to information from the consulting company CMA, the North American currency ended the week at R$ 3.230, a drop of 2% over the previous day. In the week, the currency reached its peak at R$ 3.30, reflecting expectations around political and economic instabilities in Brazil and concerning the United States’ economy.
In the week, the dollar registered a drop of 0.58%, but month-to-date it holds an appreciation of 13% and, year-to-date, 21.5%. The dollar is not going up only against the Brazilian real. The currency is also holding strong against currencies of other emerging countries and the euro.
The euro closed Friday with an increase of 0.92%, listed at R$ 3.50, and the São Paulo Stock Exchange closed the day with an increase of 1.99%, boosted by the appreciation of stocks of banks and Petrobras, benefited by a rise in oil prices. The Brent barrel closed the day listed at US$ 55.08, an increase of 1.19%.
*Translated by Sérgio Kakitani
