In another day of relief in the financial market, the dollar started the month of April with a strong fall and closed below R$ 4.70 for the first time in two years. The stock exchange surpassed 121 thousand points and reached the highest level in almost eight months.
The commercial dollar closed this Friday (1st) sold at R$ 4.667, with a fall of R$ 0.094 (-1.97%). The price operated lower throughout the session and fell even closer to the end of trading.
The US currency is at its lowest value since March 10, 2020, the eve of the World Health Organization (WHO) decreeing the covid-19 pandemic. With today’s performance, the dollar ends the week with a decline of 1.97%, the fifth week in a row with a low. In 2022, the currency accumulates a drop of 16.3% in 2022.
In the stock market, the day was also marked by euphoria. The B3 Ibovespa index closed at 121,570 points, up 1.31%. Boosted by shares in mining and retail companies, the indicator is at its highest level since August 11 of last year.
Internationally, the announcement that the unemployment rate in the United States dropped to 3.6% in March and reached the lowest level since February 2020, before the covid-19 pandemic, encouraged investors. This is because the creation of 431,000 jobs came below market expectations, which reduces room for the Federal Reserve (Fed, US Central Bank) to raise interest rates by 0.5 percentage point at the next meeting.
In the domestic market, the disclosure that industrial production grew 0.7% in February was well received. The industry eliminated part of the January losses.
Also today, the Ministry of Economy reported that the trade balance ended March with the biggest surplus for the month, driven by the appreciation of commodities (primary goods with international quotation) after the beginning of the war between Russia and Ukraine.
*With information from Reuters