On a day of turmoil in foreign markets, the dollar rose again, but closed the week down. After the recovery in the middle of the week, the stock exchange felt the international tensions again and Sunand fell for the second day in a row.
The commercial dollar ended this fridayon Friday (11) sold at R$ 5.054, up by R$ 0.038 (+0.76%). The price started the day down, dropping to R$4.98 in the first minutes of trading, but reversed the trend after the opening of international markets.
Despite the rise of today, the dollar closed the week with a fall of 0.48%. The currency accumulates a decline of 1.98% in March and 9.32% in the year, which gives the real the best performance among the main currencies on the planet.
Voltage
In the stock market, the day was also tense. The Ibovespa index, on the B3 (stock exchange), closed at 111,713 points, down 1.72%. The indicator operated lower during the morning, after the announcement that the official inflation continued to rise in February and has surpassed 10% in the 12-month period for six consecutive months. In the late afternoon, the indicator followed US stocks and fell further, due to tensions in the war between Russia and Ukraine.
In addition to the instability caused by the war, financial markets around the world are looking forward to next week’s meeting of the Federal Reserve (Fed, US Central Bank). Investors fear that, because of the conflict, the agency will raise interest rates in the world’s largest economy by 0.5 percentage point, instead of the estimate of 0.25 point.
The price of a barrel of oil also rose in this friday-fair. The Brent barrel, used in international trade, closed at US$ 112.67, up 3.1%. Even with the rise of todaythe price ended the week with a drop of 4.8% after to have up more than 20% last week. At MondayOn the 7th, the price of Brent reached US$ 139, the highest level since 2008.
* With information from Reuters
