After moments of tension last week, the dollar fell by Monday consecutive time and returned to below R$ 4.70. Influenced by nervousness in the international market, the stock market fell more than 1% and closed at the lowest level in three weeks.
The commercial dollar ended this MondayFriday (11) sold at R$ 4.69, with a decrease of R$ 0.018 (-0.35%). The price operated on the rise for most of the day, reaching R$4.74 at the session’s high, around 9:20 am. In the middle of the afternoon, however, the currency reversed the trend and started to operate in decline.
With the performance of today, the dollar accumulates a fall of 1.49% in April. In 2022, the decline reaches 15.89%.
The stock market had a more tense day. B3’s Ibovespa index closed the Mondayat 116,953 points, down 1.16%. The indicator followed the fall of North American stock exchanges, pressured by inflation, rising both in Brazil and in the United States.
Tomorrow (12), the consumer inflation index in the United States in March comes out.
Currently at the highest level in 40 years, some investors fear that the Federal Reserve (Fed, US Central Bank) will raise interest rates even further, in addition to the three 0.5 percentage point hikes planned for this year. Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil.
At the domestic level, the declaration by the president of the Central Bank, Roberto Campos Neto, that inflation of seaThe price was “a surprise” put pressure on investors. If the BC raises the Selic rate (the economy’s basic interest rates) more than expected, the dollar may remain under control, but high interest rates encourage the migration of investments from the stock market to less risky investments, such as fixed income.
* With information from Reuters
