On a shortened trading day due to Ash Wednesday, the dollar approached R$5.25, influenced by the worsening of tensions between the United States and Iran. The stock market had its third consecutive fall, influenced by mining companies.
The commercial dollar ended this Wednesday (18) sold at R$ 5.24, an increase of R$ 0.011 (+0.21%). The price started the day low, reaching R$5.20 in the first minutes of trading. However, concerns about the international market prevailed, causing the currency to rise. At the peak of the day, around 3:50 pm, the price reached R$5.25.
The stock market had a day of adjustments. B3’s Ibovespa index closed at 186,016 points, down 0.24%. This was the third consecutive session of a fall on the stock exchange, this time influenced by the fall in iron ore in recent days, which was reflected in the poor performance of mining company shares.
With no economic news in Brazil, the market was influenced by the external scenario. This Monday, US President Donald Trump once again threatened Iran, with the White House stating that there are “several arguments” for attacking the country.
At the same time, the release of the minutes of the last meeting of the Federal Reserve (Fed, the American Central Bank) accelerated the rise of the dollar across the planet. According to the document, the job market in the United States is more resilient than expected, which reduces the chances of new interest cuts soon in the largest economy on the planet.
* with information from Reuters
