In another day of turmoil in the domestic and international markets, the dollar once again surpassed R$5.40 and closed at the highest value since January. The stock exchange closed with a slight increase, with shares of retail companies offsetting the fall in shares of companies exporting commodities (primary goods with international quotation).
The commercial dollar closed this Tuesday (12) sold at R$ 5.436, up by R$ 0.068 (+1.27%). The price even opened close to stability, but rose shortly after the opening of the North American market, shooting up during the afternoon, until closing close to the high of the day.
The currency is at its highest level since January 24, when it closed at R$5.50. With today’s performance, the dollar accumulates a high of 3.98% in July. The currency still falls 2.41% in 2022. Since when it reached R$ 4.60, in early April, the dollar rose 18.06%.
In the stock market, the day was also tense. The B3 Ibovespa index closed at 98,271 points, up 0.06%. The indicator came to operate in high during the afternoon, supported by retail companies, but the fall in the price of several commodities pushed down oil and steel stocks.
Investors began to buy dollars globally, before the release of June inflation data in the United States, scheduled to be released tomorrow (13). If the index comes out higher than expected, bets increase that the Federal Reserve (FED, US Central Bank) will raise interest rates by 0.75 percentage point at the next meeting. Higher rates encourage capital flight from emerging countries such as Brazil.
Other factors contributed to international pessimism, such as the announcement of new lockdowns in China to contain the Covid-19 pandemic. As the Asian country is a big consumer of commoditiesthe measure contributed to the price of Brent oil (used in international negotiations) falling to US$ 99.49 a barrel, the lowest level since April 11.
In Brazil, investors remain attentive to the vote on the proposed amendment to the Constitution (PEC) that increases social benefits and creates aid for truck drivers and taxi drivers. Scheduled to be voted on this evening in the Chamber of Deputies, the proposal has an impact of R$ 41.25 billion on this year’s Union Budget.
* With information from Reuters
