The United States Supreme Court’s decision to overturn most of Donald Trump’s government tariffs caused a wave of euphoria in the financial market. The stock market broke a record and surpassed the 190,000-point mark for the first time. The dollar fell below R$5.20 and reached its lowest level in almost two years.
The Ibovespa index, from B3, closed this Friday (20) at 190,534 points, an increase of 1.06%. Mining and bank shares, with a large weight in the index, led the gains.
In the week, shortened by Carnival, the Brazilian stock market rose 2.18%. The stock market accumulates an increase of 18.25% in 2026.
The day was also marked by euphoria in the foreign exchange market. The commercial dollar closed the day selling at R$5.176, with a decrease of R$0.051 (-0.98%). The price opened close to stability, but began to fall mid-morning, before the Supreme Court’s decision, consolidating at the level of R$5.17 towards the end of the session.
The US currency is at its lowest level since May 28, 2024, when it was at R$5.15. The currency fell 1.03% in the week and accumulates a drop of 5.69% in 2026. The commercial euro also had a strong decline, falling 0.86% and closing at R$6.09, the lowest level since February 27 last year.
Across the planet, the dollar fell after the Supreme Court overturned almost all of the tariffs imposed by President Donald Trump’s government. The currencies of emerging countries benefited greatly.
Even Trump’s announcement that he intends to impose a global tariff of 10% for 120 days on products entering the United States did not affect the market. After the press conference, the dollar accelerated its fall and the stock market increased its rise.
*With information from Reuters
