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LatinNews Daily - 17 May 2019

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In brief: Brazil

* The index for Brazil’s São Paulo stock exchange (Ibovespa) has reached its lowest point since the start of the year, falling 1.75% and closing the day on 16 May at 90,024 points. A reflection of the international markets’ reaction to ongoing trade tensions between China and the US, this dip was compounded by domestic issues, namely mass protests against the government following announced cuts to education spending and the persistence of economic uncertainty (with a contraction recorded for the first quarter of the year). The US dollar traded against the real at an almost eight-month high, closing the day at US$1/R$4.04.