Brasília – Despite the Bank Central (BC)’s interventions, dollar rose again and ended this Wednesday (27) at a new record high. The American currency closed the day being sold at BRL 4.259, up 0.44% (BRL 0.019) from the day before. It’s the highest dollar end value since the creation of the real in nominal values not factoring in inflation.
The foreign exchange market went through a hard day. Early in the afternoon, the dollar came close to BRL 4.27, which led BC to hold a direct-sale auction of dollars from the international reserves. The monetary authorities has disclosed how much was sold, only that the auction involved selling at least USD 1 billion.
After today’s result, dollar rose 6.22% month-to-date. Over the last few weeks, it has risen amid political issues in Brazil and the ongoing China-USA trade tensions.
In the stock market, the day saw a slight recovery. Ibovespa, the benchmark index of the São Paulo Stock Market (Bovespa) ended this Wednesday at 107,952 points, up 0.83% from Tuesday. The indicator paused a two-day-running downward movement.
Translated by Guilherme Miranda