On a tense day in international markets, the dollar surpassed R$5.60, after starting the day in decline. The stock market closed stable, but has accumulated a 1% drop in the week.
The commercial dollar closed this Friday (19) sold at R$5.604, up R$0.017 (+0.3%). The price started the day down, opening at R$5.52, after the anticipation of the announcement of freezing of R$15 billion from the 2024 Budget. However, it reversed its trajectory and began to rise during the afternoon, influenced by the international scenario.
In the last three days alone, the dollar has risen R$0.17. The US currency has accumulated a rise of 0.29% in July. In 2024, the currency will rise 15.47%.
The stock market also had a volatile day. The Ibovespa index, from B3, closed at 127,626 points, with a slight decline of 0.03%. The indicator rose during the morning, but fell during the afternoon, influenced by the international market.
The announcement of a R$15 billion freeze in the 2024 budget was initially well received by the market. The day before, the dollar had soared on expectations that the spending freeze would be below R$10 billion.
The relief, however, was reversed because of the international market. Two external factors worsened the performance in the financial market. The first was the cyber blackout that affected the entire planet, mainly financial institutions, airlines, hospitals and television stations. A failure in the system of the security company CrowdStrike caused the interruption of the functioning of computers using Microsoft systems.
The second factor was the tensions surrounding the US elections, with former President Donald Trump’s first speech accepting the Republican Party’s candidacy. Trump’s promised tax cut policy is reflected in the rise in long-term rates on US Treasury bonds, which is causing capital flight from emerging countries to advanced economies.
*With information from Reuters
