Benefiting from the international scenario and the institutional reaction to the terrorist acts in Brasília, the financial market had another day of relief. The dollar fell to the lowest value of the year. The stock exchange rose more than 1.5% and approached 111 thousand points.
The commercial dollar ended this Tuesday (10) sold at R$5.202, down R$0.056 (-1.06%). The price started the day high, but started to fall around 11:30 am, after the opening of the North American market.
The US currency is at its lowest value since December 23, when it had been sold at R$ 5.166. The currency accumulates a drop of 1.48% in the first ten days of 2023.
The stock market had a day of euphoria. The B3 Ibovespa index closed at 110,817 points, up 1.55%. The indicator benefited from the rise in the price of commodities (primary goods with international quotation) and by the advance of North American exchanges.
Both domestic and external factors contributed to the drop in the dollar and the rise in the stock market. The strong reaction of the institutions in relation to the terrorist acts in Brasília, with new arrest warrants being issued, was well received by investors for avoiding the risk of aggravation of a political crisis at the beginning of the Lula government. Interest rates on long-term Brazilian bonds have fallen.
On the international scene, US stock markets reacted well after Federal Reserve Chairman Jerome Powell avoided commenting on the course of monetary policy in the world’s largest economy. The chances of the Fed increasing interest rates by just 0.25 percentage points at the next meeting increased, against the previous perspective of a 0.5 point readjustment.
*With information from Reuters