Pressured by the external market, the dollar closed today (19) with a small increase. The stock market fell for the third time in a row, pressured by shares of mining companies affected by thelockdown in China.
The commercial dollar closed this Tuesday sold at R$4.668, up by R$0.02 (+0.43%). After alternating highs and lows throughout the morning, the price firmed up in the afternoon. At the maximum of the day, around 12 pm, it reached R$ 4.68.
With today’s performance, the US currency has accumulated a drop of 1.95%. In 2022, the currency drops 16.28%.
The stock market had a more tense day. The B3 Ibovespa index closed at 115,057 points, down 0.55%. The indicator retreated even with the rise in US stock exchanges, pressured by the shares of mining company Vale, one of the most traded.
The prospects for a slowdown in the Chinese economy after the lockdown in the Shanghai metropolitan area has compromised the shares of mining companies across the planet. This is because the Asian country is a major buyer of minerals.
Against the dollar, forecasts by the International Monetary Fund (IMF) and the World Bank weighed that the global economy will grow less than predicted in 2022 because of the war between Russia and Ukraine. This has raised the demand for dollars across the planet.
Another factor that contributed to the souring of the foreign exchange market was the declaration by a regional official of the Federal Reserve (Fed, North American Central Bank) that inflation in the United States is too high, and the defense of an increase in basic interest rates in the United States. Americans to 3.5% per year by the end of 2022.
The statement raised the yield on US Treasury bonds, considered the safest investment in the world. Higher rates in developed countries encourage capital flight from emerging countries such as Brazil.
*With information from Reuters
