In another day of optimism in the financial market, the dollar approached R$ 5.40 and closed at the lowest value since November last year. The stock market rose for the third straight session and reached the highest level since October.
The commercial dollar ended this Thursday (20) sold at R$ 5.417, with a decrease of R$ 0.049 (-0.9%). The currency was lower throughout the session. At around 2:30 pm, it reached the lowest of the day, selling at R$5.38, but it returned to above R$5.40 near the end of trading.
The quotation is at the lowest value since November 11, when the dollar had been sold at R$ 5.404. The currency accumulates a fall of 2.86% in the first days of 2022.
In the stock market, the day was also marked by recovery. The B3 Ibovespa index closed at 109,102 points, up 1.01%. The indicator is at the highest level since October 20. Unlike in recent days, today the shares of companies linked to the domestic economy, such as retail, services and technology, rose. On the other hand, the shares of banks and companies linked to commodities (primary goods with international quotations) fell.
The Chinese government’s decision to lower interest rates in the world’s largest economy brought a wave of relief to the international market. The Asian country is the biggest trading partner of many emerging countries, such as Brazil.
At the same time, rates on US Treasury bonds, considered the safest investments on the planet, stabilized. Higher interest rates in developed countries encourage the outflow of resources from emerging economies, but investors understood that the expectation that the United States will raise interest rates soon is priced in (incorporated into the prices of financial assets).
*With information from Reuters
