Dollar and Bovespa Both Up Monday: Daily

By Stephen Eisenhammer, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - The U.S. dollar, as well as Bovespa, Sao Paulo’s stock exchange, were both up Monday. The dollar continued to rise against the Brazilian real, up 1.18 percent to R$2.041 to buy and to R$2.043 to sell, reaching a high of R$2.05 during the day.

President Dilma Rousseff and finance minister Guido Mantega have been battling with an overvalued real, which has hit exports. Mantega has affirmed that he believes the current exchange rate, if it can be maintained, will

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