After several days of international turmoil, the financial market took a truce this Thursday (7). The dollar fell for the first time after five consecutive highs and closed below R$5.40. The stock market rose more than 2% and recovered the level of 100 thousand points.
The commercial dollar closed the day sold at R$ 5.345, with a fall of R$ 0.07 (-1.42%). The price operated lower throughout the day, but began to fall further after the opening of the North American market. At the lowest of the day, around 12 pm, it was sold for R$ 5.33. With today’s performance, the dollar accumulates a high of 2.01% in July. In 2022, the currency drops 4.14%.
In the stock market, the day was also marked by relief. The B3 Ibovespa index closed at 100,730 points, up 2.04%. The indicator was boosted by commodities (primary goods with international quotation), whose prices recovered this Thursday with the cooling of the foreign market.
The disclosure that unemployment claims rose in the United States in the last week of June helped to reduce tensions. The data indicate that the interest rate hikes by the Federal Reserve (Fed, US Central Bank) are having an effect and have opened up the possibility that the monetary authority will not raise interest rates in the largest economy on the planet more than expected.
In the minutes of the last meeting, held at the end of June, the Fed indicated that it may raise interest rates by 0.5 or 0.75 percentage points at the next meeting. Yesterday (6), the release of the document created turmoil in the financial market, but the labor market data indicated that the Fed may raise the rate by 0.5 point at the next meeting. Higher interest rates in advanced economies encourage capital flight from emerging countries such as Brazil.
*With information from Reuters
