In another day of nervousness in the international market, the dollar rose sharply and exceeded R$ 4.70 after the Federal Reserve (Fed, North American Central Bank) released the minutes of the meeting held at the end of March. The stock market fell again and reached the lowest level in two weeks.
The commercial dollar closed this Wednesday (6) sold at R$ 4.715, up by R$ 0.056 (1.19%). The price operated higher throughout the session, until it closed close to the high of the day.
With today’s performance, the dollar is now down just 0.97% in April. In 2022, the currency accumulates a decline of 15.44%.
The stock market also had a tense day. The Ibovespa index, on the B3, closed down by 0.55%, at 118,228 points. The indicator was influenced by US stocks, which also fell after the release of the Fed’s minutes.
In the document, the US Central Bank reiterated that it may increase the basic interest rates of the largest economy on the planet by 0.5 percentage point more than once this year, if inflation persists in the United States. Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil.
At its last meeting, at the end of March, the Fed raised interest rates by just 0.25 point, in a move considered light by economic analysts. In addition to indicating the tightening of monetary policy, the US Central Bank announced that it will begin to dispose of US Treasury bonds and the country’s real estate market acquired during the covid-19 pandemic. At the time, the measure had been taken to help the US economy.
* With information from Reuters
