On the eve of the North American Central Bank meeting, the dollar fell for the first time after two consecutive highs and returned to close to R$5.40, benefiting from the foreign flow to emerging countries. The stock market had a strong appreciation and closed at the highest level since the end of October.
The commercial dollar ended Tuesday (25) sold at R$ 5.435, with a decrease of R$ 0.068 (-1.24%). The price even opened slightly higher, but began to fall after the opening of the North American market.
The currency closed at the second lowest level of the month, only losing to the last day 20, when it closed at R$ 5.417. The US currency accumulates a fall of 2.52% in January.
The day was also marked by gains in the stock market. The B3 Ibovespa index closed at 110,204 points, up 2.1%. The indicator is at the highest level since October 20 of last year.
The stock market managed to detach itself from the US markets, which closed sharply lower on the eve of the Federal Reserve (Fed, US Central Bank) meeting. Today there was a migration of capital flows to emerging countries, in a day of recovery from yesterday’s turmoil (24) due to the worsening of tensions between Russia and Ukraine.
At tomorrow’s meeting, (26) the Fed is not expected to announce an increase in US interest rates, which are at the lowest level in history since the beginning of the covid-19 pandemic. The meeting, however, will provide indications on whether the Fed intends to start raising rates in March and on the pace of the US Federal Reserve’s withdrawal from its bond-buying program.
Higher rates in advanced economies encourage resource outflows from emerging countries. Some investors, however, are beginning to believe that the effect of withdrawing monetary stimulus in the United States is already priced in (incorporated into asset prices).
*With information from Reuters
