The worsening of tensions in Brazil and abroad made the financial market have a day of turmoil. The dollar approached BRL 5.30, and the stock market fell by almost 2%.
The commercial dollar ended this Thursday (9) sold at R$5.279, up R$0.082 (+1.58%). For a few moments during the morning, the price operated downwards, but established the upward trend during the afternoon until closing close to the high of the day.
The US currency is at its highest value since January 5, when it was being sold at R$5.35. With today’s high, the currency zeroed the accumulated drop in 2023.
The day was also tense in the stock market. The B3 Ibovespa index closed at 108,008 points, down 1.77%. The indicator even operated in stability at the beginning of trading, but collapsed for the rest of the day.
Both internal and external factors have influenced the market today. In Brazil, the heightening of tensions between the government and the Central Bank (BC) has worsened, with more and more parliamentarians from the allied base defending the convening of the president of the body, Roberto Campos Neto, to explain himself about the current basic interest rates , at 13.75% per annum.
The possibility that the inflation target will be increased at the next meeting of the National Monetary Council (CMN), on the 16th, contributed to tensions. The BC did not comment on news that Campos Neto would have agreed with the change in the target.
Abroad, the day started with optimism, with the dollar falling against the main international currencies. The mood, however, reversed during the afternoon, with the rise in US Treasury bond auction rates, which caused US stock markets to close lower. Considered the safest investments in the world, US public bonds are more attractive with higher rates, causing the flight of resources from the entire planet to Treasury bonds of the largest economy on the planet.
*With information from Reuters
