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Dollar closes up, stocks drop slightly

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The US dollar was selling for BRL 3.162 as trading ended this Monday (28) in Brazil, up 0.25% from last Friday (25). It was the third back-to-back increase for the US currency against Brazil’s real.

Ibovespa, the main index of the Sao Paulo Stock Exchange, edged down by 0.08% to 71,016.59 points. It had inched down by a similar rate on Friday. Biggest-losing shares were those of banks Bradesco, Banco do Brasil and Itau Unibanco, and state-owned oil company Petrobras; mining company Vale’s shares climbed.