I personally think it is absurd, but the market is again hostage to the U. S. Nasdaq index. Our problem is a lack of volume.
More Quotes from Helio Ozaki:
The central bank has made clear it won't let the real appreciate. The real won't strengthen as long as the bank continues to sell contracts and buy dollars.Helio Ozaki
There are a few things worrying the market today, but the most relevant is New York.
Helio Ozaki
The bank probably felt the dollar had gained enough in the past days, and it didn't want to put more pressure in the market.
Helio Ozaki
The stock market had been weak due to the Wall Street performance and concerns about Asian economies. The ratings news helped to push the stocks down slightly, but it wasn't the driving force. For a change, Argentina had no negative influence.
Helio Ozaki
It is quite a big relief, showing that a solution to the Argentine crisis is close.
Helio Ozaki
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