In a day of adjustments in the foreign market, the dollar was pressured, but remained below R$ 5.30. The stock exchange alternated highs and lows throughout the day, but closed with a small drop.
The commercial dollar ended this Thursday (3) sold at R$ 5.295, with a slight increase of 0.36%. The price even dropped to R$ 5.27 at the lowest of the day, around 1 pm, but rose again in the afternoon.
Despite today’s high, the US currency accumulates a drop of 1.76% in the week. In 2022, the decline reaches 5.03%.
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The day was also marked by volatility in the stock market. The B3 Ibovespa index closed the day at 111,696 points, down 0.18%. This was the second day of decline in the indicator, which accumulates a low of 0.19% in the week.
External market
The dollar had a day of high in the external market after having reached minimum values in four months in comparison with the currencies of emerging countries. The commercial euro once again surpassed R$6 after comments by the president of the European Central Bank, Christine Lagarde, which indicate that the body may start raising basic interest rates in the euro zone this year. The decision of the Central Bank of the United Kingdom to raise interest rates to 0.5% per year also increased the value of the pound in the foreign market.
In Brazil, the confirmation that the Monetary Policy Committee (Copom) of the Central Bank (BC) intends to reduce the rate of increase in the Selic rate (basic interest rates in the economy) as of the next meeting also put pressure on the dollar.
In recent months, the monetary authority raised the Selic by 1.5 percentage points at each Copom meeting. In a statement issued after yesterday’s meeting (2), the BC reported that the next increases will be smaller. Higher interest rates in emerging countries make these economies more attractive to foreign capital.
The 26% drop in the shares of Meta, the company that owns Facebook, Instagram and Whatsapp, put pressure on stock markets across the planet. For the first time in history, Facebook lost daily active users, whose total fell by 500,000 in the fourth quarter of 2021. The company also reported a drop in profits over the same period.
* With information from Reuters
