Waiting for decisions on interest rates in Brazil and the United States, the financial market had a day of stability. Both the dollar and the stock market started the week practically at the same level as on Friday (27).
The commercial dollar ended this Monday (30) sold at R$5.115, up 0.06%. The quotation dropped to R$5.08 at around 11:30 am and rose to R$5.13 at around 3:00 pm. However, it slowed down in the final hours of trading, until it closed close to stability.
In 2023, the dollar accumulates a drop of 3.13%. Compared to January 4, when it reached R$ 5.42, the currency fell 5.71%.
The stock market also had a flat day. The B3 Ibovespa index closed at 112,273 points, down 0.04%. The indicator approached 113 thousand points at the beginning of the session and fell 0.43% around 4:50 pm, but recovered in the final minutes of trading.
Investors are waiting for the decisions of the Federal Reserve (Fed, US Central Bank) and the Monetary Policy Committee (Copom) of the Brazilian Central Bank this week. On Tuesday (31st) and Wednesday (1st), the two Central Banks will decide the basic interest rates in each country.
In Brazil, according to the bulletin focus, a weekly survey of financial institutions released by the Central Bank, market analysts expect the Selic rate (basic interest rate) to remain at 13.75% per annum. In the United States, bets have increased that the Fed will raise basic interest rates by 0.25 percentage points, after four consecutive hikes of 0.5 points.
The deceleration of monetary tightening in the United States favors emerging countries with high interest rates, such as Brazil. This Monday, the dollar was stable against the real, but rose, on average, 0.3% against the main currencies of the planet.
*With information from Reuters
