Ibovespa Ends October Down as Dollar Surges; Markets Dips 1.6% in October

The Brazilian stock market experienced a challenging month as the Ibovespa index closed October with a 1.6% decline, settling at 129,713.33 points. This downturn reflects broader economic concerns and mirrors the performance of major global markets. The US dollar strengthened against the Brazilian real, reaching R$ 5.7811, its highest level since March 2021. Investors remained […]