In a day of global instability in the financial market, the US currency approached R$5.25 and closed at its highest value in almost a month. The commercial dollar closed this Thursday (1st) sold at R$ 5.238, with a high of R$ 0.037, that is, an increase of 0.71%.
The price started the day low, after the announcement that the Gross Domestic Product (GDP) grew 1.2% in the second quarter. However, it skyrocketed after the opening of the North American market.
The US currency is at its highest value since August 3, when it closed at R$5.27. In 2022, the currency accumulates a fall of 6.06%.
Stock Exchange
The stock market also had a volatile day, but closed with gains. The Ibovespa index, from B3, the São Paulo stock exchange, recovered from yesterday’s fall (31) and closed at 110,405 points, up 0.81%.
The indicator operated lower for most of the day, but reacted towards the end of the session, supported by Petrobras shares, the most traded on the stock exchange.
Common shares (with voting rights at shareholders’ meetings) rose 1.8%. Preferred papers (with preference in the distribution of dividends) appreciated by 1.87%. Despite the drop in oil on the international market, the state company’s shares rose because investors took advantage of yesterday’s sharp drop to buy the shares.
This Thursday, new data showed growth in US manufacturing in August, raising fears that the Federal Reserve (the US Central Bank) will raise interest rates again by 0.75 percentage point at this meeting. month. Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil.
The global market also reacted to the decree of lockdown in the Sichuan region, one of China’s main industrial hubs, because of the increase in Covid-19 cases. The news caused a drop in the price of commodities (primary goods with international quotations), putting pressure on the dollar and the stock market in Brazil.
*with information from Reuters
