On another day of turbulence in the financial market, the dollar reached the barrier of R$6 for the first time in history, still reflecting the announcement of the spending cut package and the increase in the Income Tax exemption limit, detailed by government on Thursday (28). The stock market started the day falling, but reversed the movement and ended with an increase of almost 1%.
The commercial dollar ended this Friday (29) sold at R$6.001, with an increase of just 0.19%. The price started the day with tension, reaching R$ 6.11 at the day’s high, around 10:15 am, but slowed down after statements by the president of the Senate, Rodrigo Pacheco (PSD-MG), and the Minister of Finance, Fernando Haddad .
In nominal values, this is the highest rate since the creation of the real. The currency rose 3.21% in the week and ended November with an increase of 3.8%. The commercial euro ended the day with an increase of 0.41%, sold at R$6.348. The Central Bank did not intervene in the exchange rate.
In the stock market, the day was marked by recovery. After a turbulent morning, B3’s Ibovespa index closed at 125,668 points, up 0.85%. Around 11:30 am, the indicator fell 0.53%, but reversed the movement and began to rise during the afternoon.
Despite Friday’s advance, the stock market lost 2.46% in the week, the worst weekly performance since mid-September. In November, the Ibovespa shrank 2.9%.
The dollar zeroed its rise after Rodrigo Pacheco condition the increase in income tax exemption to R$5,000 to the tax situation. Later, at an event held by the Brazilian Federation of Banks (Febraban), Haddad stated that the government can review fiscal package measures sent to Congress, if necessary.
*With information from Reuters
