After two consecutive highs due to the outbreak of the war between Russia and Ukraine, the dollar fell in the first trading session after Carnival, driven by the appreciation of minerals and agricultural products in the international market. The stock market also benefited from the truce in US stock exchanges and rose for the second session in a row.
The commercial dollar closed this Wednesday (2) sold at R$ 5.107, with a decrease of R$ 0.048 (-0.94%). On a day with few trades after the long holiday, the price opened at R$5.21, but fell throughout the session until it ended close to the day’s lows.
Optimism also manifested itself in the stock market. The B3 Ibovespa index closed at 115,174 points, up 1.8%. Despite the fall in bank shares, mining and oil company shares rose sharply, following the New York stock exchanges and the rise in commodities (primary goods with international quotation).
This Wednesday, the barrel of Brent oil, the most used in international negotiations, reached US$ 110.60, the highest level since June 2014. Iron ore also appreciated in the futures market, boosting the shares of mining companies. across the planet. At commodities have risen because of the impact of the conflict between Russia and Ukraine on the supply of various agricultural products, minerals and petroleum products.
Investors also reacted to factors unrelated to the war in Eastern Europe. This Wednesday, the chairman of the Federal Reserve (Fed, US Central Bank), Jerome Powell, declared that he will suggest that the body increase basic interest rates by 0.25 percentage point at the meeting in the next few days. The increase in this rhythm benefits emerging countries, such as Brazil, because it indicates that the upward cycle in the United States will be gradual.
*With information from Reuters
