In another day of tension in the international market, the dollar closed today (25) at the highest value in a month and approached R$ 4.90. Even with the improvement of the North American market near the end of trading, the stock exchange closed with a slight drop, after falling 1.67% in the early afternoon.
The commercial dollar ended this Mondaysold at R$4.876, up by R$0.07 (+1.47%). The price even started the day low, but reversed the trend after the start of negotiations in the North American market. At the worst moment of the day, around 1 pm, the currency was sold for R$ 4.95, but retreated throughout the afternoon with the decrease in tensions abroad.
The currency is at the highest level since mar 22ce, when it closed sold at R$ 4.91. The quotation accumulates a high of 2.4% in April. In 2022, however, the accumulated drop reaches 12.55%.
Instability
The day was also one of instability in the stock market. The Ibovespa index, from the B3 – Stock Exchange -, closed at 110,685 points, down 0.35%. This was the sixth straight drop in the indicator, which is at the lowest level since mar 15steel.
Two factors contributed to the instability in the global market. The first was the prospect that the Federal Reserve (Fed, US Central Bank) will increase basic interest rates beyond what is expected to contain inflation in the United States, which is at the highest level in 40 years.
The second factor was the increase in Covid-19 cases in the Beijing region of China, which has ignited fears that the Chinese government will enact lockdown in the Chinese capital. The fear that the Monday largest economy on the planet slows down even more than expected, caused the price of commodities (primary goods with international quotations) to fall, harming exporting countries such as Brazil.
* With information from Reuters
