Today: December 4, 2024
December 4, 2024
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Dollar falls for the first time in four days and closes at R$6.05

Dollar remains close to R$5.60 amid uncertainty in Brazil and abroad

On a day of relief in the financial market, the dollar closed with a small decline after four consecutive rises. The stock market recovered from Monday’s fall (2) and once again surpassed 126 thousand points.Dollar falls for the first time in four days and closes at R$6.05

The commercial dollar ended this Tuesday (3) sold at R$ 6.056, with a drop of R$ 0.013 (-0.21%). The price rose for most of the day, reaching R$6.09 at around 11:30 am, but fell in the final hour of trading.

In the stock market, the day was more optimistic. The Ibovespa index, from B3, closed at 126,139 points, up 0.72%. At around 10:25 am, the indicator rose 0.87%, slowed down throughout the afternoon and gained strength again in the final minutes of the session.

Both internal and external factors brought more tranquility to the market this Tuesday. The announcement that the Brazilian economy grew 0.9% in the third quarter, the dollar fell to R$6.03 at the beginning of the session and the stock market reached the day’s high shortly after opening.

During the afternoon, the information that the government registered the second largest primary surplus in history for the months of October, it once again brought relief to investors.

In the external scenario, the dollar fell against the world’s main currencies after a series of rising days. This helped reduce pressure on the domestic market.

*With information from Reuters

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