with the help of commodities (primary goods with international quotations) and high interest rates, the dollar closed below R$ 5 for the first time since June last year. The stock exchange has recovered from recent losses and surpassed 116,000 points – the highest level in six months.
The commercial dollar closed this Monday (21) sold at R$ 4.945, with a fall of R$ 0.071 (1.42%). The price started the day close to stability, but started to fall as soon as the North American market opened negotiations. At the low of the day, around 12:20 pm, the dollar reached R$ 4.93.
With today’s performance, the US currency accumulates a drop of 4.1% in March. In 2022, the decline reaches 11.3%.
In the stock market, the day was also marked by euphoria. The B3 Ibovespa index closed the day at 116,154 points, up 0.73%. The indicator rose with the help of companies exporting commodities and from banks. The Brazilian stock market is at its highest level since September 14 of last year.
The valuation of commodities because of the war between Russia and Ukraine is contributing to the inflow of foreign exchange in Brazil. At the same time, investors are still reflecting on the increase in the Selic rate (basic interest rates in the economy) last week. Higher interest rates in emerging economies attract foreign capital.
The escalation of the conflict between Russia and Ukraine made the commodities come back up. The barrel of Brent oil, which had fallen below US$ 100 at the end of last week, has risen since last Friday (18) and closed this Monday around US$ 116.
*With information from Reuters.
