On a public holiday in the United States, the dollar fell for the second time in a row. The stock market rose for the third consecutive session, benefited by the recovery of commodities (primary goods with international quotation).
The commercial dollar ended this Monday (5) sold at R$ 5.154, with a fall of R$ 0.031 (-0.59%). The price opened close to stability and fell throughout the session, until closing close to the lows of the day. The currency is at the lowest level since last Tuesday (30), when it closed at R$ 5.11.
The most significant drop today, however, occurred with the euro. The currency closed at R$5.118, down by R$0.04 (-0.83%), hampered by Russia’s announcement that gas supplies to the rest of the continent will only resume if economic sanctions are imposed on the country. finish. The news sent the euro below $0.99 for the first time in two decades, its worst performance against the US currency.
In the stock market, the day was marked by recovery. The B3 Ibovespa index closed at 112,203 points, up 1.21%. The indicator benefited from the recovery of commoditieswhich benefited mining company stocks, and the prospect that interest rates in Brazil will stop rising, which boosted retail company shares.
With the Labor Day holiday in the United States, the financial market operated without the main external reference. However, news of economic stimulus in China boosted commoditiesbenefiting exporters of primary products, such as Brazil.
This week, investors await the result of the European Central Bank meeting, which should raise interest rates for the second consecutive time next Thursday (8). The rally should see the euro recoup some of its recent losses against the dollar.
*With information from Reuters
