Dollar drops to BRL 5.12 after Fed minutes release

Dollar rises to R$5.42 on a day of nervousness in the financial market

In another day of nervousness in the financial market, the dollar surpassed the barrier of R$ 5.40 and reached the highest level since the end of January. After two consecutive falls, the stock market had a slight rise, but at an insufficient pace to recover the losses of the last few days.Dollar rises to R$5.42 on a day of nervousness in the financial market

The commercial dollar closed this Wednesday (6) sold at R$ 5.423, the highest value since January 27. On a day marked by instability, the price reached R$ 5.46 in the early afternoon, before decelerating towards the end of negotiations.

The day was also marked by volatility in the stock market. The B3 Ibovespa index closed at 98,719 points, up 0.43%. After operating downwards for most of the day, the indicator recovered in the late afternoon, driven by the recovery in US stock markets.

The dollar once again reached the highest values ​​in 20 years in relation to the main currencies of the planet after the release of the minutes of the last meeting of the Federal Reserve (Fed, North American Central Bank). In the document, the body said that it does not rule out a new increase of 0.75 percentage point in the US base rate at the next meeting due to the prolongation of the war between Russia and Ukraine and new lockdowns caused by the covid-19 pandemic in China. .

In the domestic scenario, investors continue to reflect the negotiations for the approval of the proposed amendment to the Constitution (PEC) that increases social benefits and creates aid for truck drivers and taxi drivers until the end of the year. Yesterday (5), the rapporteur of the proposal in the Chamber, deputy Danilo Fortes (União Brasil-CE) read the opinion and discarded changes in relation to the text approved in the Senate, which foresees an impact of R$ 41.25 billion on public accounts.

* With information from Reuters

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