By Contributing Reporter
RIO DE JANEIRO, BRAZIL – The U.S. dollar began the month of June in decline. The commercial dollar selling rate closed this Monday, June 3rd, at R$3.889, with a drop of R$0.035 (0.9 percent). Below R$ 3.90 for the first time in almost 50 days, the currency is at its lowest since April 15th (R$ 3.869).
The dollar opened with a small rise but dropped in the following hours. At the daily minimum of the day, around 3 PM, it was sold at R$3,885. In recent weeks, the U.S. currency has fluctually strongly, briefly reaching R$ 4.10 on May 20th.
The day was quiet in the stock market. The Ibovespa (former São Paulo Stock Exchange) index B3 closed this Monday virtually stable, with a drop of 0.01 percent, at 97,020 points.