Fears that the United States may raise interest rates beyond expectations weighed on the financial market. The dollar rose to a 40-day high, and the stock market dropped to a week-long low.
The commercial dollar ended Thursday (15) sold at R$5.239, up by R$0.061 (+1.18%). The quotation rose throughout the session, until it closed close to the day’s highs, in an international movement to buy the US currency.
The currency is at its highest value since August 3, when it closed at R$5.27. The dollar rose 0.71% in September, but accumulated a fall of 6.04% in 2022.
The turmoil also marked the day in the stock market. The B3 Ibovespa index closed at 109,954 points, down 0.54%. The indicator followed US stocks, which fell again today, after a truce yesterday (14th).
The disclosure that weekly claims for unemployment benefits fell in the United States added to the pessimism in the international market. The data raised fears that the Federal Reserve (Fed, US Central Bank) will have to raise basic interest rates by 1 percentage point at next week’s meeting, after two consecutive increases of 0.75 point, to hold back inflation. in the largest economy on the planet.
Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil, putting pressure on the dollar and the stock market. In a scenario of rising interest rates in the United States, US Treasury bonds, considered the safest investments on the planet, become more attractive.
*With information from Reuters
