In a day of volatility in the financial market, the dollar closed practically stable after falling more than 1% in the early afternoon. The stock market had a more favorable day and amended its third consecutive high, recovering the level of 98 thousand points.
The commercial dollar ended this Tuesday (19) sold at R$ 5.42, down 0.1%. The price operated below BRL 5.40 for most of the session, dropping to BRL 5.36 at the lowest of the day, around 2 pm. However, the US currency regained strength towards the end of trading until it closed close to stability.
With today’s performance, the dollar accumulates a high of 3.53% in July. In 2022, the currency drops 2.8%. The dollar’s surge in the afternoon was a global move as international investors demanded more US currency. The US currency closed higher against the currencies of the main emerging countries, but kept falling against the real, the Chilean peso and the South African rand.
The stock market had a day of recovery. The B3 Ibovespa index closed at 98,245 points, up 1.37%. The indicator closed above 98,000 points for the first time since the 12th, boosted by Petrobras shares, the most traded, and by the recovery of North American stock exchanges.
This Tuesday, the global financial market went through a day of uncertainty, with investors waiting for the next meeting of the Federal Reserve (Fed, US Central Bank), at the end of the month, to know if the body will raise basic interest rates in the United States. by 0.75 or by 1 percentage point. Higher rates cause the flight of resources from emerging countries, such as Brazil.
*With information from Reuters.
