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The trading dollar was trading lower on Thursday (31), as the stock market progressed. At approximately 11:45, the US currency depreciated by 1.85% to 3 656 rand. Ibovespa, the main index of the Brazilian stock market, rose 1.19% to 98 152.27 points. Shares of Vale Mining Company (VALE3) rose 0.84% to R $ 25.86 following a 9.03% rise on Wednesday.
On the eve, the dollar almost closed with a slight rise. 0.06% to R $ 3,725 on the sale, and the Exchange gained 1.42% to 96,996.21 points.
Tuesday evening, after the market closed, the miner announced a plan of action providing for expenditures of R $ 5 billion and a 10% reduction in the forecast of annual iron production.
Although doubts are expressed According to Karel Luketic, an badyst at XP Investimentos, this announcement helps to reduce uncertainty about its impact on production in the short and medium term.
Foreign scenario
The fall of the dollar on Thursday is influenced by the decision of the Federal Reserve to maintain the interest rate in the country. The bank also said it would be "patient" with regard to further increases.
The market is still waiting for the outcome of trade negotiations between the US and Chinese authorities, who have been meeting since Wednesday to try to resolve the stalemate between the two largest economies worldwide.
Pension Reforms
In Brazil, investors were optimistic after a statement by Vice President Hamilton Mourão that the social security reform would be unique, include military personnel and would be presented in the form of a "pension package". a constitutional amendment and a bill.
End of the parliamentary holidays and formation of the executive tables of each House of Congress, when the government can begin to advance its economic program
