Economy
Dollar rises 8.21% and Ibovespa drops 13.88% following Lula's reelection
Trading volume on the stock exchange reached R$ 88.6 billion, surpassing the usual daily average, while the dollar recorded its largest daily percentage gain since January 1999.
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The essentials of this story
- What happened
- The Brazilian financial market reacted with a rise in the dollar and a sharp drop in the stock market following the presidential election results.
- Who is affected
- Investors and financial market agents operating in the stock and foreign exchange markets.
- What changes
- The dollar reached R$ 5.403 and the Ibovespa fell to 176,608.23 points, with the activation of a circuit breaker and trading volume above average.
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Sources
- Dólar sobe 8,21%, e bolsa cai 13,88% após reeleição de Lula — Agência Brasil — economia
