Driven by fears of rising inflation in the United States, the stock market had the biggest drop in two weeks, after three consecutive rises. The dollar closed lower, but had its first weekly high since early May. 
The B3 Ibovespa index closed at 111,102 points, down 1.15%. That was the biggest daily pullback since May 18, when the indicator had fallen 2.3%. The stock market ended the week down 0.75%, the first low after three weeks of gains.
The commercial dollar closed this Friday (3) sold at R$ 4.779, with a decrease of R$ 0.01 (-0.2%). The price had a volatile day, reaching R$4.83 just before 10 am, boosted by the release of economic data in the United States. However, investors took advantage of the high value to sell the currency, pushing the price down during the afternoon.
With today’s performance, the US currency rose 0.83% for the week. This was the first increase since the first week of May. In 2022, the currency accumulates a fall of 14.28%.
The release of labor market data in the United States contributed to the instability in the international market. In May, the largest economy on the planet created 390,000 jobs, more than expected.
The good job performance raised fears that the Federal Reserve (Fed, US Central Bank) will raise interest rates more than expected to contain inflation in the United States, which is at the highest level in 40 years. Higher rates in advanced economies encourage capital flight from emerging countries such as Brazil.
*With information from Reuters
