By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The U.S. dollar registered a steep devaluation while the São Paulo stock exchange rose on Monday as investors reacted to the deposition of suspended Brazilian President Dilma Rousseff in the Senate. The U.S. dollar closed the day at R$3.232/US$1, down by -1.21 percent on Monday after two sessions of appreciation last week.
In August the U.S. currency has fallen by 0.33 percent and during the eight first months of the year, by 18.13 percent. Brazil’s Central Bank sold . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here