One day after a significant fall, the dollar rose again this Wednesday (19), influenced by the international market. The stock market rose for the third time in a row, recovering part of the declines accumulated last week.
The commercial dollar ended the day sold at R$5.274, up R$0.02 (+0.37%). The price had a volatile day. It reached BRL 5.30 around 9:30 am, dropped to BRL 5.25 two hours later and remained around BRL 5.29 during the afternoon, until it decelerated towards the end of the session.
With today’s performance, the US currency accumulates a drop of 2.24% in October. In the year, the currency falls 5.42%.
In the stock market, the day was also marked by fluctuations. After alternating highs and lows, the Ibovespa index, on the B3, closed at 116,274 points, up 0.46%. The indicator took off from the US stock exchanges, which fell today, benefiting from the shares of Petrobras, the most traded papers.
Petrobras’ common shares (voted at a shareholders’ meeting) rose 3.71%. Preferred shares (with priority in the distribution of dividends) appreciated by 3.54%. The shares of the state-owned company rose because of the rise in oil on the international market. The barrel of Brent type rose 2.6%, being quoted at US$ 92.41.
Several factors contributed to the pessimism in the international market, after yesterday’s truce (18). In the UK, September inflation reached 10.1% on an annualized basis, the highest level in 40 years. In the euro zone, inflation decelerated to 9.9% (also in annualized numbers) compared to August, but remains a record for the months of September.
In the United States, fears have returned that the Federal Reserve (Fed, US Central Bank) will keep interest rates high for longer than expected. Yields on US Treasuries, considered the safest investments in the world, rose today. High rates in advanced economies encourage capital flight from emerging countries such as Brazil.
*With information from Reuters
