On a day of adjustments after the sharp drop yesterday (11), the dollar rose again this Friday (12). Even so, the US currency retreated for the second week in a row. The stock market failed to hold back on Thursday and fell today, but closed the week on a high.
The commercial dollar ended this Friday at R$5.457, up R$0.053 (+0.97%). At the maximum of the day, around 3:30 pm, the price reached R$ 5.46. Despite today’s high, the currency accumulates a fall of 1.19% in the week and 3.35% in November. In 2021, the US currency rose 5.16%.
In the stock market, the B3 Ibovespa index rose in the first few minutes of trading, but reversed the movement and operated lower for most of the session. The indicator ended the day at 106,335 points, down 1.17%, influenced by the release of balance sheets of retail companies that profited less in the third quarter. Even with today’s drop, the Ibovespa rose 1.44% for the week, amending the second consecutive weekly high.
On the international market, the dollar had a mixed day, rising against some currencies and falling against others, such as the Mexican peso. The US stock exchanges had a performance opposite to the Brazilian stock market, rising this Friday, but ending the week on a low.
In Brazil, caution with the November 15 holiday prevailed. The market was also influenced by the drop in service level in September, the first retreat in six months. Amid expectations that the Central Bank will continue to increase basic interest rates in the economy to contain inflation, investors believe that corporate profits, which had been on the rise due to this year’s economic recovery, will fall in the coming quarters.
* With information from Reuters
