The truce in the financial market was short-lived. After a few days of relief, the dollar rose again this Monday (11), pressured by external nervousness. The stock market dropped more than 2% and returned to below 100,000 points.
The commercial dollar closed this Monday (11) sold at R$ 5.371, with an appreciation of R$ 0.103 (+1.96%). The price operated higher throughout the session, but intensified the rise towards the end of trading, closing close to the high of the day.
With today’s performance, the US currency accumulates a high of 2.6% in July. In 2022, the currency drops 3.68%.
The day was also tense in the stock market. Pressured by the fall in commodities (primary goods with international prices), the Ibovespa index closed at 98,212 points, down 2.07%.
This Monday, fears that the US economy will enter recession once again weighed on the international market, pushing the dollar up and stock markets around the world down. Other external factors contributed to the global pessimism.
The announcement of new lockdowns in China to contain the spread of covid-19 caused the prices of commodities such as oil and iron ore to fall on Monday. The threat of an energy crisis in Europe due to the closure of the Nord Stream 1 gas pipeline between Russia and Germany also weighed heavily. The pipeline went into maintenance for ten days, but Russia may close it indefinitely because of the war in Ukraine.
*With information from Reuters
