In another day of turmoil in the financial market, the dollar rose for the fourth consecutive session and returned to close to R$ 5.60. The stock market fell once more and remains at its lowest level in a year.
The commercial dollar ended this Thursday (18th) at R$5.57, up R$0.046 (+0.87%). The price came to operate close to stability at the beginning of the day, but it reversed the trend during the morning and firmed itself above R$ 5.56 as of 2:45 pm.
Since the first week of October, the US currency has not risen four days in a row. Despite recent highs, the currency accumulates a 1.34% decline in November, due to significant declines at the beginning of the month. In 2021, the valuation reaches 7.34%.
In the stock market, the day was also shaky. The B3 Ibovespa index closed at 102,426 points, down 0.51%. The indicator is at its lowest level since 11 November last year. The stock market was influenced by the fall in shares of mining companies, resulting from the decline in the international price of iron ore, and in shares of banks, affected by uncertainties in relation to the domestic economy.
The possibility of the Senate changing the content of the Proposed Amendment to the Constitution (PEC) of the Precatório is putting pressure on the market. Although the PEC releases R$ 91.6 billion in public spending next year, investors fear that a possible rejection of the text will encourage the government to seek solutions such as issuing an eventual public calamity decree that allows extraordinary credits (outside the spending ceiling) in 2022.
On the international market, the dollar rose against the main currencies of emerging countries. In Brazil, the fall in the international price of iron ore should aggravate the situation as it means a reduction in the exported value, impacting the trade balance surplus and increasing the deficit in the external accounts.
* With information from Reuters