On a day of turmoil in the international market, the dollar rose and closed the week above R$6.10, reacting to the warming of the job market in the United States. The stock market fell almost 1% and returned to below 119 thousand points.
The commercial dollar closed this Friday (10) sold at R$ 6.102, an increase of R$ 0.061 (+1%). The price opened lower, but rose after the release of information that the North American economy created more jobs than expected.
Despite this Friday’s rise, the US currency closed the week with a drop of 1.29%. In recent days, the currency had fallen following indications that President-elect Donald Trump’s government will soften the increase in tariffs on imported products, in a week of below-average negotiations and with little economic news in Brazil.
Driven by the international market, the stock exchange also had a turbulent day. The Ibovespa index, from B3, closed at 118,856 points, with a drop of 0.77%. The indicator is at its lowest level since January 3rd.
In the domestic market, the announcement that official inflation by the Broad National Consumer Price Index (IPCA) in 2024 stood at 4.83%above the target ceiling of 4.5%, did not affect negotiations.
The main factor putting pressure on the dollar and the stock market this Friday was the release of the news that the North American economy created 256 thousand jobs outside the agricultural sector in December. The numbers came in above expectations and reduced the possibility of the Federal Reserve (Fed, North American Central Bank) cutting basic interest rates in the United States in the first half of the year.
High rates in advanced economies encourage capital flight from emerging countries, such as Brazil. This is because rates on US Treasury bonds, considered the safest investments on the planet, rise with the expectation of a slower fall in interest rates in the United States.
*With information from Reuters
