On a day of relief in the international market, the dollar fell and distanced itself from the R$ 5.70 barrier. The stock market rose for the second day in a row, but failed to reverse the week’s decline.
The commercial dollar ended this Friday (7) sold at R$ 5.632, with a retreat of R$ 0.048 (-0.85%). The currency rose during the morning, reaching R$ 5.70 at the maximum of the day, around 10:30 am. However, it lost steam and fell after the announcement that January job creation in the United States was weaker than expected.
Despite the fall for the second consecutive day, the dollar closed the first week of 2022 up 1.05%. Last Wednesday (5), the US currency had closed at R$ 5.71 and reached the highest level in two weeks, before retreating yesterday (6) and today.
In the stock market, the day was also marked by recovery. The B3 Ibovespa index ended Friday at 102,719 points, up 1.14%. The rise in the price of commodities (primary goods with an international quotation) and bank shares boosted the indicator. Even with today’s high, the stock market closed the week with a drop of 2%.
In December, the United States created 199,000 jobs outside the agricultural sector. The numbers were below the forecast of analysts, who expect the opening of 400,000 vacancies.
Weaker-than-expected labor market performance reduces pressures for the Federal Reserve (Fed, US Central Bank) raise interest rates in the largest economy on the planet ahead of schedule. Higher rates in advanced economies encourage the flight of resources from emerging countries such as Brazil.
* With information from Reuters.