Key Points
The Ibovespa fell again Friday to 169,019, its lowest close in this stretch, and is now sitting right on a key long-term support line.
The Brazilian real weakened sharply, with the US dollar jumping to about 5.17 reais — its strongest level against the real in months.
The trigger was a surprisingly strong US jobs report: employers added 172,000 jobs in May, roughly double what forecasters expected.
Strong hiring sounds like good news, but it dampened hopes for lower US interest rates, which strengthened the dollar and pressured markets like Brazil’s.
