On a day of little liquidity in Brazil and turmoil abroad, the dollar once again approached R$6.20. The stock market fell more than 1% and reached its lowest level in more than six months.
The commercial dollar ended this Monday (23) sold at R$ 6.186, an increase of R$ 0.114 (+1.87%). The price opened at R$6.11 and rose throughout the session. At the high of the day, around 3:30 pm, it reached R$6.20.
Unlike the last few days, the Central Bank (BC) did not intervene in the exchange rate. After the market closed, the monetary authority announced the sale of US$3 billion in cash on Thursday (26). The money will come from international reserves and, unlike line auctions, will not be repurchased back by the BC.
In the stock market, the day was also tense. The Ibovespa index, from B3, also had a tense day and closed at 120,767 points, at the lowest level since 1.09%. The indicator is at its lowest level since June 20th.
With the parliamentary recess in Brazil and few working days in the week, the financial market had a day of low volume, being influenced mainly by the international scenario. The dollar strengthened across the planet, with investors still digesting the statement from the Federal Reserve (Fed, North American Central Bank) meeting, which indicated fewer cuts next year in the United States.
In Brazil, the exchange rate was also influenced by the outflow of resources typical at the end of each quarter, in which multinationals pass on profits abroad.
The release of the Focus bulletin, a weekly survey of financial institutions, indicated worsening inflation and interest expectations for 2025. This interfered with a rise in future interest rates, contributing to the fall of the stock market.
* With information from Reuters
