The dollar fell for the third consecutive session against the real on Monday (23), as the US currency continued to move away from peaks in two decades against a basket of strong rivals abroad.
At 9:05 am (GMT), the spot dollar retreated 0.68%, to R$ 4.8380 on sale.
On B3, at 9:05 am (GMT), the first-maturity dollar futures contract dropped 0.94% to R$4.8480.
In this session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of July 1, 2022.
In the trading session on Friday (20), the commercial dollar closed down by 0.93% against the real, quoted at R$ 4.8710 for sale, in a move influenced by the good mood of investors after China reduced the rate. interest rates to stimulate the economy.
For the week, the US currency fell 3.7%, the second straight weekly low and the biggest drop for the range since late March. In the year, the dollar started to retreat 12.65%.
On the Stock Exchange, the Ibovespa advanced 1.39% in the last trading session of last week, to 108,487 points, boosted by the stocks of commodities and large banks. In the week, the stock index appreciated by 1.46%, up 3.5% in the year.
​The major commodity producers were among the highlights of the local stock market’s rise on Friday, following the movement of oil and iron ore prices traded on the international market.
The increases came after the People’s Bank of China cut five-year interest rates from 4.60% to 4.45%, the biggest cut since 2019, on the heels of retail sales and industrial production data that indicated a sharp slowdown in April. due to the impacts generated by mobility restrictions to contain the new wave of Covid-19 in the country.
“The market was anticipating a more modest reduction to 4.55%. New monetary and fiscal measures are expected to stimulate the Chinese economy in 2022,” XP analysts said in a report.
Also with relevant weight in determining the direction of the market, bank shares followed the increase in risk appetite on a global scale and marked significant gains.
Still in the financial sector, GetNet shares soared 22.65%, after Santander announced the day before its intention to take the company private.
US stocks have their worst weekly streak since 2001
In the international market, the main stock indices of the stock exchanges in the United States marked the seventh weekly decline in a row, in a scenario of increasing investor concern about the impact of the increase in interest rates on the pace of economic activity and on corporate profits.
The S&P 500, which on Wednesday (18) tumbled 4%, the biggest drop since June 2020, accumulated losses of 3% for the week. The Dow Jones was down 2.9% at the range and the Nasdaq was down 3.81%.
​It was the seventh straight week of declines for the S&P 500 and Nasdaq, the worst streak since the tech bubble burst in mid-2001. The Dow Jones marked the eighth straight week of declines, the worst streak since 1932, when the United States went through a serious economic crisis.
Shares of retail companies in the United States, such as Walmart and Target, were harshly punished by investors throughout the week, with the risk seen as increasing that the interest rate hike led by the Federal Reserve (Fed, US central bank) will have strong impacts. for the income of companies with shares listed on the Stock Exchange.
“Inflation remains one of the main challenges for companies [nos Estados Unidos]a fact that makes investors more apprehensive about the global economic scenario”, pointed out Guide analysts.
with Reuters
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