Falling for the fifth time in a row, the dollar is approaching R$4.90 and is at its lowest value since the end of June last year. The stock exchange also accumulated the fifth consecutive high and reached the highest level in almost seven months.
The commercial dollar ended this Tuesday (22) sold at R$ 4.91, with a decrease of R$ 0.029 (-0.59%). The price came to operate close to stability several times throughout the session, but consolidated the downward trend during the afternoon, with the inflow of foreign resources, until closing close to the lows of the day.
The US currency is at its lowest since June 24 of last year. The currency accumulates a fall of 4.66% in March and 11.85% in 2022.
The day was also marked by euphoria in the stock market. The B3 Ibovespa index closed at 117,272 points, up 0.96%. The indicator was influenced by both external factors and the domestic market, with shares of banks and retail companies pulling the gains.
On Tuesday, the global financial market had a day of relief after a spokeswoman for the Russian Foreign Ministry said the country does not intend to overthrow the government of Ukrainian President Volodymyr Zelensky. At the same time, the rise in commodities (primary goods with international prices) is stimulating the inflow of foreign exchange into Latin America, a traditional exporter of agricultural and mineral products.
On the domestic front, investors reflected on the minutes of the last meeting of the Central Bank’s Monetary Policy Committee (Copom). According to the document, the monetary authority may increase the Selic rate (basic interest rates in the economy) beyond 12.75% per year, if necessary, but indicated that the cycle of high interest rates is nearing its end. High interest rates in Brazil and in several emerging countries have encouraged the inflow of capital into riskier markets.
*With information from Reuters
