The decision of the US Central Bank to raise interest rates as expected brought relief to the global financial market. The dollar dropped to less than R$5.30 and closed at the lowest price in almost a month. The stock exchange recovered 101 thousand points and reached the highest level in 40 days.
The commercial dollar closed this Wednesday (27) sold at R$ 5.251, with a decrease of R$ 0.098 (-1.83%). The price opened close to stability, but started to fall after the opening of the North American markets and plummeted as of 3 pm, after the Federal Reserve (Fed, Central Bank of the United States) announced the increase in basic interest rates in the United States by 0 .75 percentage point.
The quotation is at the lowest level since June 30. With today’s fall, the US currency started to accumulate a high of only 0.03% in July. In 2022, the currency drops 5.83%. The commercial euro, which reached R$5.61 last Friday (22), closed this Wednesday at R$5.359, down 1.03% today.
In the stock market, the day was also marked by euphoria. The B3 Ibovespa index closed at 101,438 points, up 1.67% and at the highest level since June 15th. In addition to the rise in US stock exchanges, the indicator was influenced by the release of balance sheets of Brazilian companies, which point to the maintenance of profits or profits higher than expected.
After weeks of anticipation, the Fed raised interest rates in the United States by 0.75 percentage point, to a range between 2.25% and 2.5% per year. Despite the significant rise, the global financial market received the news with relief, as part of the investors feared that the Fed would raise interest rates by 1 percentage point to hold back US inflation, which is at the highest level in 41 years. Higher interest rates in advanced economies encourage capital flight from emerging countries such as Brazil.
