The reduction of roadblocks across the country and the beginning of work on the transition to the elected government made the financial market feel out of tune from abroad and have a day of relief. The dollar and the stock exchange closed practically stable, after facing volatility throughout the negotiations.
The commercial dollar ended this Thursday (3) sold at R$ 5.126, up just 0.14%. The price started the day with a strong rise, reaching R$ 5.21 around 9:30 am, but retreated with the entry of foreign flows into the country. At the lowest of the day, just before 1 pm, the currency reached R$ 5.08.
The real performed better against other developed economies’ currencies. The commercial euro closed at R$4,999, down 1.13% and below R$5 for the first time since February 28, 2020, just before the start of the covid-19 pandemic. The commercial pound sterling closed at R$5.71, down 2.09%.
In the stock market, the day started tense but ended with stability. B3’s Ibovespa index closed the day at 116,896 points, down just 0.03%. The indicator even dropped 2.09% around 10:20 am, but recovered after the opening of the North American market.
The dollar had a high day across the planet, still reflecting the 0.75 percentage point increase in US basic interest rates, decided yesterday (2) by the Federal Reserve (Fed, Central Bank of the United States). High rates in advanced economies encourage the flight of capital from emerging countries, such as Brazil, but the reduction of road blocks and the beginning of the transition to the next government provoked the inflow of external flows.
This afternoon, the coordinator of the transition team, vice-president-elect Geraldo Alckmin, participated in a quick meeting at Palácio do Planalto with the ministers of the Civil House, Ciro Nogueira, and of the General Secretariat of the Presidency of the Republic, Luiz Eduardo Ramos. . On the side of the elected government, PT president Gleisi Hoffmann and former minister Aloizio Mercadante also participated in the meeting.
*With information from Reuters
