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January 6, 2022
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Dollar drops to R$5.68 with calmer foreign market

Dollar goes to R$ 5.67 and closes at the highest value in more than six months

After several days of tension, the financial market had a session marked by a truce. The dollar dropped to below R$ 5.70, despite registering volatility earlier in the day. The stock exchange had its first high of the year.Dollar drops to R$5.68 with calmer foreign market

The commercial dollar ended this Thursday (6) sold at R$ 5.68, with a retreat of R$ 0.032 (0.56%). The price alternated highs and lows during the morning, reaching R$ 5.72 at the highest of the day, around 12:00, but firmed a downward trend throughout the afternoon.

In the stock market, the day was marked by recovery. The B3 Ibovespa index closed at 101,561 points, up 0.55%. The rise was driven by mining companies, benefited by the appreciation of iron ore in the foreign market.

The indicator also reacted to the performance of US stock exchanges. A day after the fall, US indicators stopped falling and closed close to stability.

The global financial market began the first week of 2022 with international turmoil caused by the release of the minutes of the last Federal Reserve (US Central Bank) meeting. At the meeting, held on December 14 and 15, several directors of the agency indicated that they can anticipate the increase in basic interest rates in the United States, which are at the lowest level in history since the beginning of the covid-19 pandemic.

Higher rates in advanced economies encourage the flight of resources from emerging countries such as Brazil. Investors invest their money in US Treasury bonds, considered the safest investment on the planet, putting pressure on the dollar rate and the stock exchange in developing countries.

* With information from Reuter

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