Dollar drops to R$ 4.74 and reaches lowest value since the beginning of the pandemic

Dollar rises to R$5.13 awaiting interest in Brazil and the US

The financial market had another tense day awaiting decisions on basic interest rates in Brazil and the United States. The dollar rose for the seventh time in a row and reached the highest value in just over a month. The stock market had its eighth consecutive drop and reached its lowest level since the beginning of the year.Dollar rises to R$5.13 awaiting interest in Brazil and the US

The commercial dollar closed this Tuesday (14) sold at R$5.134, up by R$0.019 (+0.38%). The quotation came to operate in decline during the morning, but firmed the upward trend after the opening of the market in the United States.

The US currency is at its highest level since May 12, when it closed at R$5.14. The currency rose 8.02% in June, but accumulates a fall of 7.93% in 2022.

In the stock market, the day was also marked by nervousness. The B3 Ibovespa index closed at 102,603 ​​points, down 0.52%. The indicator came to operate higher at the beginning of trading, but reversed the movement during the morning. The stock market is at its lowest level since January 10, when it was around 101,000 points.

Despite the drop in the Ibovespa, Eletrobras shares rose after the privatized company’s debut on the stock exchange. Ordinary shares (with the right to vote at shareholders’ meetings) rose 3.37%. Preferred papers (with preference in the distribution of dividends) appreciated 2.36%.

As in the last few days, the financial market acted on hold. Tomorrow (15), both the Central Bank of Brazil and the Federal Reserve (Fed, North American Central Bank) will release the new interest rates. In Brazil, the Monetary Policy Committee (Copom) is expected to increase the Selic rate (basic interest rates in the economy) in 0.5 percentage point, to 13.25% per year.

What has been causing turmoil in the financial market is the future of base rates in the United States. With inflation in the world’s largest economy at 8.6% in the last 12 months, the highest level in 41 years, investors fear the Fed will tighten its belts and raise interest rates by 0.75 percentage point to a range between 1 .5% and 1.75% per year. Higher rates in advanced economies cause capital flight from emerging countries such as Brazil.

*With information from Reuters.

Source link

Previous Story

Armada adds two telescopic handlers to enhance cargo handling in ports

Next Story

Linear park: Neighbors asked the Buenos Aires legislators not to validate the work

Latest from Brasil

x vidio porn-tube-box.com wap in sex vedio indian forced porn videos thefuckingtube.com karva kannada movie افشخني hardsextubevid.com ماندي ماوس x video pune anal-porn-tube.net pakistani pussy photo epekto ng gadgets sa kalusugan watchteleserye.com cherry pie picache husband
سكس خىانة x-arab.com maya diab porn dr bug hentai tag hentaimol.com manga futa on male fuke vedios waplo.info fuckmyindia sex blue video pornichka.com velamma savita hd عايزه تتناك porncomicsfantasy.com سكس مدارس مصري
xx sex vedio stepsisterporntrends.com lokal sexy video sexy videos of students firetube.mobi xvideod lotto result today live 9pm teleseryehd.net wowowin live today 2021 today indian sex telugu pornlike.mobi hotporntubes sexy jill 2beeg.me local sex porn