In a day of relief in Brazil and abroad, the dollar had its biggest daily drop in almost a month. The stock exchange broke a streak of three consecutive drops and recouped part of the week’s losses.
The commercial dollar ended this Thursday (27) sold at R$ 5.307, with a drop of R$ 0.075 (1.39%). The price operated in decline for most of the day, reaching R$ 5.28 around 11 am. After oscillating around this value, it gained traction towards the end of the day, closing close to R$5.31.
With today’s performance, the US currency accumulates a low of 1.63% in October. In 2022, the drop reaches 4.82%.
In the stock market, the day was also one of relief. The B3 Ibovespa index closed at 114,641 points, up 1.66%. At 16:44, the indicator rose by 2.73%, but slowed down in the final minutes of trading.
In recent days, the financial market had taken off abroad due to electoral tensions in Brazil, with the dollar approaching R$5.40 and the stock market falling almost 7%. Today, however, there was a correction movement, with the partial relief of domestic instability and the presentation of data that show the deceleration of the North American economy.
After the release of indicators that show that the United States will grow less in the third quarter, the dollar began to fall across the planet. The economic slowdown increases the chances that the Federal Reserve (Fed, US Central Bank) will reduce the pace of interest rate hikes. Investors now expect a 0.75 percentage point increase at next week’s meeting and a 0.5 percentage point increase in December.
* With information from Reuters
