The dollar closed above R$5.07 this Monday (2), following the jump in US debt yields to the highest levels in several years abroad ahead of this week’s Federal Reserve (Fed) monetary policy meeting. – US Central Bank).
The Fed is expected to raise basic interest rates by 0.5 percentage point at the end of its two-day meeting, on Wednesday (4), which would represent a hardening of its stance on fighting inflation.
That outlook boosted U.S. sovereign bond rates, with the 10-year Treasury yield – the global benchmark for investments – topping 3% for the first time since December 2018, prompting the dollar index to rise.
The stock exchange recorded a drop of 1.15%, closing at 106,638.64 points, the lowest index since January 17. B3 had a negative day due to concerns about the Chinese economy, fears of inflation and expectations of monetary policy decisions in Brazil and the United States.
* With information from Reuters
