São Paulo – The US dollar closed down 1.55% relative to Brazil’s real this Tuesday (01) at BRL 3.94 in a day of volatility. The price at closing time was close to the day’s bottom price. Year-to-date, the dollar is down 0.19% against the Brazilian currency.
The drop seen this Tuesday came mostly as a result of high spirits on the foreign front, with rising oil prices, China’s new stimulus and the disclosure of United States industry results. Good trade balance results in Brazil also played a role in the dollar drop.
*Translated by Gabriel Pomerancblum

