Dollar Hits 2019 Maximum, Closing at R$4.17 as Market Eyes GDP, External Uncertainties

RIO DE JANEIRO, BRAZIL – The dollar closed slightly up on Thursday, August 29th after an unstable trading session, with the market keeping an eye on the Central Bank’s actions, political and economic uncertainties in Argentina, and Brazil’s second-quarter GDP (Gross Domestic Product) figures, which showed a 0.4 percent increase over the previous quarter.

The US currency closed the day up 0.30 percent, sold at R$4.1704, the highest closing level of the year and also the highest level since the R$4.1952 record, reached on September 13th, 2018.

At its Thursday minimum, the dollar was R$ 4.1435. At the maximum, it reached R$ 4.1773. The day before, the U.S. currency closed virtually stable, with a variation of 0.01 percent, at R$4.1579, renewing its maximum closing level since September last year.

The day before, the dollar had closed virtually stable, with a variation of 0.01 percent, at R$4.1579, renewing the maximum level of closing since September last year.

The stock market, on the other hand, advanced 2.37 percent to 100,524 points, as a result of the GDP.

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