On a day of turbulence in the international market, the dollar surpassed the R$5.70 barrier and closed at its highest value since the beginning of August. After rising on Thursday (24), the stock market fell again and fell below 130 thousand points.
The commercial dollar ended this Friday (25) sold at R$ 5.705, an increase of R$ 0.042 (0.74%). The currency came to operate close to stability at the end of the morning, but soared in the afternoon, after the release of yet another survey showing a tie between US presidential candidates Kamala Harris and Donald Trump. At the high of the day, around 2:45 pm, the price reached R$5.71.
This is the highest level of the US currency since August 5, when the dollar closed at R$5.74. The currency rose 4.74% in October and rose 17.56% this year.
Scholarship
The stock market had a day of volatility. After alternating highs and lows throughout the day, B3’s Ibovespa index closed at 129,893 points, down 0.13%. The decline was not greater only because oil company shares rose, driven by the recovery in oil on the international market, and because mining company Vale’s shares rose 3.4% after the release of the third quarter balance sheet and the closing of the agreement to offset victims of the tragedy in Mariana (MG).
On a Friday without relevant news on the domestic market, two factors put pressure on the dollar. The first was the tie in several polls between Harris and Trump 11 days before the American presidential elections. International investors fear that, in the event of the Republican candidate’s victory, a new round of trade tariff increases will cause the dollar to rise across the planet.
The second factor was the release of economic data showing the warming of the North American economy. If the largest economy on the planet grows more than expected, the Federal Reserve (Fed, North American Central Bank) could delay the fall in basic interest rates, which stimulates the migration of capital to North American Treasury bonds, considered investments safest on the planet.
* With information from Reuters
