Brasília, 4 (Agência Brasil - ABR) - Yesterday the dollar fell 1% following an announcment by the Central Bank that it would once again make daily interventions on the exchange market. For July the bank plans to inject US$1.5 billion.
Yesterday the dollar closed at R$2.865, down from a high of R$2.946, with the Central Bank selling dollars to financial institutions with the promise of repurchase on October 2. The sharp rise of the dollar at the opening of the market (up 1.79%) was attributed to news that Standard & Poor's had lowered the classification of Brazilian debt. (AB)