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Welfare Vote: Brazil’s Ibovespa Closes at Record High; Dollar Drops to R$ 3.75

SÃO PAULO, BRAZIL - The Ibovespa stock index reached a new closing high this Wednesday, driven by the optimism in the market with the start of voting on the Social Welfare reform in the Chamber of Deputies plenary.

The index rose 1.23 percent to 105,817.06 points. As a result, it accumulated a rise of 20.4 percent in 2019. The session's financial volume totaled R$21.5 (US$5.73) billion.

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