RIO DE JANEIRO, BRAZIL - In a day of optimism in the international market, the dollar dropped significantly and closed on Wednesday, April 28, below R$5.40 for the first time since February. The stock market, on the other hand, recovered from the drop on Tuesday, April 27, and closed at its highest level in almost two weeks.
On Wednesday, April 28, the commercial dollar closed at R$5.362, down R$0.10 (-1.82%). The U.S. currency traded down throughout the session, but intensified the slump over the afternoon, after the U.S. Federal Reserve (similar to . . .