Today: February 11, 2025
February 11, 2025
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Dollar drops to $ 5.78, despite Trump’s tariff on steel and aluminum

US President Donald Trump’s announcement of an additional 25% tariff on steel and aluminum imported by the United States had little influence on the financial market. The dollar fell, and the stock market rose almost 1%, partially recovering from recent falls.Dollar drops to $ 5.78, despite Trump's tariff on steel and aluminumDollar drops to $ 5.78, despite Trump's tariff on steel and aluminum

The commercial dollar ended this Monday (10) sold at R $ 5,785, with a retreat of R $ 0.008 (-0.13%). The quotation started the day on the rise, reaching R $ 5.82 around 9:15 am. However, he reversed the trajectory and began to fall in the morning. At the low of the day, around 10:30 am, the US currency reached R $ 5.76.

Despite rehearsing a new increase in the late morning, the US currency fell again in the afternoon. With Monday’s performance, the border accumulates a drop of 6.36% in 2025.

The stock market had a day of recovery. B3’s Ibovespa index closed at 125,572 points, up 0.76%. The indicator rose 1.42% at 10:35 am, but slowed throughout the afternoon. The advance of oil and iron ore abroad favored actions of oil and mining companies, which have greater weight in the Brazilian bag.

Regarding the dollar, Brazil detached most of the countries, where the US currency closed up. The pressure from exporters who sold dollars after the quotation exceeded $ 5.80 helped hold the pressure on the exchange rate in Brazil.

*With information from Reuters

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