São Paulo – The dollar price declined 0.71% this Wednesday (18th) and the North American currency closed the day at BRL 3.79. Low levels of foreign exchange businesses were one of the reasons that held the dollar price in check. The keeping of the vetoes made by president Dilma Rousseff to measures that could increase government spending was another reason to keep the dollar in check. Congress kept the majority of these vetoes.
The main index of the São Paulo Stock Exchange (Bovespa) closed the day up 0.4% at 47,435 points. The sharpest gains came from Companhia Siderúrgica Nacional (National Steel Company), with its stocks going up 16.9% to BRL 5.74 (USD 1.52), and Usiminas, with stocks going up 14.63% to BRL 2.82 (USD 0.74). Both companies operate in the steel sector.
*Translated by Sérgio Kakitani
