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Dollar closed up

27/04/2017 at 19:25h

São Paulo – The US dollar was up slightly by 0.28% to BRL 3.1820 this Thursday (27). The fluctuation is a sign of caution from investors over the Social Security Reform, which the government is struggling to approve. The United States currency was up 1.77% in three days.

Translated by Gabriel Pomerancblum

Trade confidence swings back to positive

26/04/2017 at 18:25h

Rio de Janeiro – The Trade Business Owner Confidence Index reached 102.3 points in April, up 2.1% from 99.9 points in March. In exceeding the 100-point threshold on a scale of 0 to 200, the index swung back to positive for the first time since February 2015.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Brazil registers current account surplus

25/04/2017 at 13:18h

Brasília – Brazil posted a current account surplus in March, according to data made public this Tuesday (25) by the Brazilian Central Bank (BC). Last month, the country’s current account result, which consists of goods and services exports minus imports and income transfers between the country and abroad, stood at USD 1.397 billion, the highest amount for the month since 2005.

Via Agência Brasil. Translated by Sérgio Kakitani

Wholesale revenue up 0.6% in 2016

24/04/2017 at 12:59h

São Paulo – Wholesale sector revenue was virtually flat in 2016 at 0.6% growth, the Brazilian Wholesalers and Distributors Association (Abad) reported this Monday (24). As a result, companies grossed BRL 250.5 billion in revenue. The organization deemed the result satisfactory, considering the scenario of strong recession in Brazil. Last year Brazil’s Gross Domestic Product (GDP) shrank by 3.6%.

Via Agência Brasil. Translated by Gabriel Pomerancblum