Awaiting the release of inflation data in the United States, the financial market had a day of relief. The dollar fell to less than R$5.10 and closed at the lowest value in two weeks. The stock market had its third consecutive rise and reached its highest level since the end of August.
The commercial dollar ended this Monday (12) sold at R$ 5.097, with a decrease of R$ 0.05 (-0.97%). The price operated close to stability in the morning, but plummeted in the afternoon, as the mood in the US financial market improved among international investors.
With today’s performance, the dollar closed at the lowest price since August 29, when it had closed at R$5.03. The currency accumulates a fall of 2.02% in September and 8.59% in 2022.
In the stock market, the day was also marked by recovery. The B3 Ibovespa index closed at 113,407 points, up 0.98%. The indicator reached the highest level since August 25th, benefited by the price of commodities (primary goods with international quotation) and by actions of retailers.
The dollar fell all over the world and US stock markets rose with the expectation that inflation in the United States is falling. Tomorrow (13), the consumer price index for August will be released. If the indicator registers deflation, the estimates will be confirmed, benefiting emerging countries, such as Brazil. However, if the index is higher than expected, nervousness may return to the international market.
The fall in US inflation reduces pressure for the Federal Reserve (Fed, US Central Bank) to raise interest rates by 0.75 percentage point at next week’s meeting. Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil. A lower-than-expected rise, on the other hand, benefits developing economies.
*With information from Reuters
