Dollar Follows

Ahead of the firm ingression of resources in the domestic market, the dollar cravou in 02 of June the eighth fall followed before the Real and reached the lesser level of closing since the September end. The American currency had 1,59% fall, quoted R$ 1,923 for sales, minor level since 30 of September of the passed year, when it locked up R$ 1,906. Since the beginning of March, when reaching the maximum quotation of R$ 2,443 Reals in the year, the dollar already fell down disastrously from a high place 21.3%. This year, the low one is of 17,6%. The fall of the dollar was not restricted to the Brazilian market. During the afternoon, the American verge it renewed the minim of the year before euro e, in the end of the day, showed fall of 1% in relation to a basket with the main world-wide currencies. The entrance of foreign investments in the country has been decisive to knock down the quotation of the currency, although the effort of the Central banking to buy dollar daily.

Test of this is that the Brazilian reserves had finished May in US$ 205,576 billion, with US$ addition 4,326 billion before April. It is the greater high since February of 2008, period where the reserves had grown US$ 5,395 billion. The great flow of foreign resources for the Brazilian market of action and the public headings (that they follow the basic tax of interests, the Selic, today in 10,25% to the year) has helped to knock down the verge. Only in May, the balance of external investments (total of purchases less the volume of sales) in the Stock exchange of So Paulo (So Paulo Stock Exchange) reached R$6,803 billions, record for one month. In 2009, the balance is positive in R$11,2 billions. If the year finished in May, also would be the biggest annual balance of foreigners of the history of the Stock market.

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