São Paulo – The US dollar closed up 0.86% this Monday (13) in Brazil to BRL 3.8973. The result was driven by Turkey, which announced a USD 6 billion cash injection early this morning to ensure liquidity was in place for banks and curb the Turkish lira’s hike relative to the dollar. By last Friday (10), the dollar had climbed 1.59%.
Ibovespa, the main index of the São Paulo Stock Exchange (Bovespa), ended the day up 1.28% to 77,496 points. After going down last week, the index swung on the back of major companies’ shares, including Petrobras, up 1.94%, Vale, up 1.2%, and Itaú, up 1.09%.
Translated by Gabriel Pomerancblum
