On a day of immense nervousness in the financial market, the dollar rose to its highest value in two and a half years. The stock market closed slightly higher, supported by shares of exporting companies, benefiting from the rise in the US currency.
The commercial dollar ended this Wednesday (26) sold at R$ 5.519, an increase of R$ 0.065 (+1.2%). The price operated higher throughout the session. At the high of the day, around 4pm, it reached R$5.52.
With today’s performance, the US currency is at its highest value since January 18, 2022, when it closed at R$5.56. The currency rises 5.14% in June and accumulates an increase of 13.72% in 2024.
In the stock market, the day was marked by volatility. After operating at a low for almost the entire day, B3’s Ibovespa index closed at 122,701 points, up 0.3%. This week alone, the indicator accumulated an increase of 1.07%.
The session was marked by both internal and external turmoil. Abroad, rates on US Treasury bonds rose again, increasing the dollar’s price across the planet. High interest rates in advanced economies encourage capital flight from emerging countries, such as Brazil.
In the domestic market, several factors contributed to the turbulence. In an interview with Portal UOL, President Luiz Inácio Lula da Silva said that the fiscal adjustment plan will prioritize increasing revenue rather than cutting spending. The statement was poorly received by the financial market.
Another factor that contributed to the sour negotiations was the announcement that the primary deficit in May reached R$61 billion, driven by anticipation of the thirteenth to Social Security. The result was worse than forecasts by Prisma Fiscal, a survey by the Ministry of Finance with financial institutions. Market analysts were betting on a negative result of R$38.5 billion in public accounts.
*With information from Reuters
