The US embargo on Russian oil and gas did not have major effects on the exchange rate. The dollar accelerated the decline and closed lower for the first time after two consecutive highs. The stock market fluctuated a lot throughout the day, but fell slightly amid global volatility.
The commercial dollar closed this Tuesday (8) sold at R$ 5.053, with a decrease of R$ 0.026 (-0.52%). The price rose until early afternoon, approaching R$5.10, but lost strength after the announcement that the United States will ban the purchase of oil and gas from Russia.
In the stock market, the day was also marked by fluctuations. The B3 Ibovespa index closed at 111,203 points, down 0.35%. The indicator alternated highs and lows throughout the session, but followed the US stock exchanges and ended with a decline.
After US President Joe Biden announced the suspension of oil and gas imports from Russia, the international price of oil closed sharply higher. The price of a barrel of Brent type ended the day sold at US$ 128, the highest level since 2008.
Despite the worsening of international tensions, the announcement had a favorable effect on the Brazilian exchange rate, as the price of oil and various raw materials stimulated the inflow of foreign exchange into Brazil.
*With information from Reuters
