On a day of strong international pressure, the dollar reached its highest value in more than two months. The stock market resisted the external scenario and closed stable, amid the fall in the international price of oil and electoral tensions in the United States.
The commercial dollar ended this Tuesday (15) sold at R$ 5.657, an increase of R$ 0.074 (+1.33%). The price started the day stable, but rose after the opening of the North American markets. At the high of the day, around 2 pm, it reached R$5.66.
The North American currency is at its highest value since August 4, when it reached R$5.74. The currency accumulates an increase of 3.85% in October and 16.57% in 2024.
In the stock market, the day was marked by volatility. After falling for most of the session, B3’s Ibovespa index closed at 131,043 points, with a small increase of 0.03%. Shares of companies linked to domestic consumption and banks offset the fall in the shares of oil companies and mining companies, affected by the decline in the price of commodities (primary goods with international prices).
The dollar rose sharply in emerging countries this Tuesday for two reasons. The first was the drop in the international price of oil after the Israeli government announced that it does not intend to attack Iran’s oil infrastructure. The Brent barrel fell 1.7% this Tuesday, to US$ 74.52, after reaching US$ 80 in the last few days.
Although it benefits consumers, the drop in oil prices puts pressure on large producers, such as Brazil. The price of iron ore, another important product in Brazilian exports, fell due to the economic slowdown in China, the main buyer of the product.
Another factor that made the day turbulent for emerging countries was electoral tensions in the United States. Former President Donald Trump defended, in an interview, a sharp increase in tariffs on foreign products if he is elected to the White House. The increase in North American protectionism would harm exports to the United States, causing a retraction in global trade.
* with information from Reuters
