After several days of turbulence, the financial market had a day of respite. The dollar fell almost 1% after seven consecutive rises. The stock market recovered 160 thousand points and closed at the highest level in eight days.
The commercial dollar ended this Tuesday (23) sold at R$ 5.531, with a drop of R$ 0.053 (-0.95%). The price began the day stable, but plummeted from 11:30 am, when the Central Bank (BC) intervened in the exchange rate, and former president Jair Bolsonaro announced the cancellation of an interview he was giving to a news portal.
This Tuesday, the BC sold US$500 million of the US$2 billion offered in a line auction, when the monetary authority sells dollars from international reserves with the commitment to buy the money later. Despite Tuesday’s fall, the US currency rose 3.69% in December. The currency falls 10.5% in 2025.
The stock market had a day of recovery. B3’s Ibovespa index closed at 160,486 points, up 1.46%. The indicator reached its best level since the 15th.
Both political and economic factors interfered in the market. In addition to the cancellation of Bolsonaro’s interview, the release of the official inflation preview in December helped the stock market. The IPCA-15 was below expectations for the month and closed 2025 at 4.41%within the inflation target.
In the case of the dollar, in addition to political factors, the Central Bank’s actions put downward pressure on the exchange rate. The line auction provides liquidity to the market, helping to meet the demand of companies that remit profits and dividends abroad at the end of the year.
* with information from Reuters
