North American Stock Exchange Recovery and Higher Dollar in Brazil
After a Friday, March 6, 2015 with the biggest drop in almost two months, the US stock market rebounded on Monday, March 9, 2015, driven by major mergers and acquisitions, the Dow Jones index rose by 0, 78%, the S & P 500 gained 0.39% and the Nasdaq added 0.31%.
In Brazil, the dollar closes at R$ 3.12, the highest level since June 2004.
Despite the surge in the American currency, the Central Bank did not announce any additional measures to contain the devaluation of the exchange rate, which reinforces the perspective that the monetary authority is preparing to reduce interventions and may end the program of the daily sale of foreign exchange swaps that was extended until the end of March.
Commercial dollar rose 2.35% and closed at R$ 3.1277, the highest level since June 28, 2004.