In another day of domestic and international tensions, the dollar surpassed the R$5.30 barrier and closed at the highest value since the beginning of February. After three consecutive falls, the stock market had a slight recovery and managed to rise in the accumulated result for the week.
The commercial dollar closed this Friday (1st) sold at R$ 5.321, up by R$ 0.086 (+1.65%). The price came to be below R$ 5.30 in the early afternoon, but the upward trend was consolidated towards the end of the negotiations, with the increase of pessimism in the financial market.
The quotation is at the highest level since February 4, when it was also at R$ 5.32. With today’s rally, the US currency’s 2022 fall has dropped to 4.57%. Just this week, the currency appreciated 1.33%.
The stock market had a less tense day. B3’s Ibovespa index closed at 98,954 points, up 0.42%, supported by the purchase of shares that have become very cheap in recent days. Today’s gains made the indicator end the week up 0.29%, the first increase after four straight weeks of decline.
Friday was turbulent both in the domestic and foreign markets. At the international level, the dollar rose again against the main currencies of the planet, supported by fears that the United States and several advanced economies will enter recession due to the increase in interest rates to contain global inflation.
In Brazil, investors reflected on the approval, yesterday (30), by the Senate of the proposed amendment to the Constitution that increases social benefits and creates aid to deal with the effects of high fuel prices. Last-minute changes raised the text’s fiscal impact from R$38.75 billion to R$41.25 billion in the second half of the year alone.
*With information from Reuters
