The release of new economic data in the United States helped to contain losses in the financial market. The dollar had a slight fall, but remains close to R$ 5.20. The stock exchange could not keep its breath and fell for the second day in a row, pressured by high interest rates in Brazil and the decline in international iron ore prices.
The commercial dollar ended this Wednesday (14th) sold at R$5.178, down by R$0.009 (-0.18%). The quotation even dropped to R$ 5.15 at the beginning of the session, but returned to operate close to stability after the opening of the North American market.
With today’s performance, the US currency accumulates a drop of 0.46% in September. In 2022, the currency declines 7.14%.
The stock market had a more volatile day. The B3 Ibovespa index closed at 110,547 points, down 0.22%. The indicator operated slightly higher for most of the day, but reversed the movement during the afternoon, pressured by shares of retailers and mining companies.
In the morning, the announcement that producer inflation in the United States was within the forecast in August brought relief to investors. Yesterday (13), the market had a nervous day after consumer inflation last month closed above expectations.
US stocks rose a day after posting the biggest one-day drop in two years. The recovery, however, was not accompanied by the Brazilian stock market. The possibility that the Central Bank will raise the Selic rate (basic interest rates for the economy) to 14% per year has affected retail companies, which fear a delay in the recovery of consumption.
The extension of lockdowns in producing regions of China caused the international price of iron ore to fall. This pushed mining shares down, preventing the Brazilian stock market from closing higher, as it did on Wall Street.
*With information from Reuters
