U.S. Dollar and Stock Market Close 2018 with Appreciation in Brazil

The depreciation of the Brazilian real intensified during the national truck drivers' strike in May, which led to strong volatility in the financial market.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – After a year of political and economic uncertainties in Brazil, the stock market and the dollar closed 2018 with appreciation. The U.S. dollar closed 2018 at R$3.876/US$1, with an accumulated increase of 16.9 percent while the São Paulo stock exchange’s Bovespa Index closed the last trading day of the year at 87,887 points, a 15 percent increase.

During the first half of the year, the US currency dollar remained relatively stable in Brazil. But as trade tensions increased between the United . . .

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