The dollar opened this Tuesday (24) higher against the real, after having fallen sharply over the last three sessions, as investors digested higher-than-expected domestic inflation data and monitored local political news.
At 9:08 am (Brasília time), the spot dollar advanced 0.40%, at R$ 4.8266 on sale.
On B3, at 9:08 am (GMT), the first-maturity dollar futures contract rose 0.25% to R$4.8380.
The US spot currency closed the last session down 1.31%, at R$4.8075 – the lowest since April 22 (R$4.8065).
The day before, the dollar retreated for the third session in a row against the real this Monday (23), marked by the good mood of investors, with widespread increases in global stock markets.
On a day of reduced risk aversion, the commercial dollar marked a 1.31% devaluation on Monday, quoted at R$ 4.8070 for sale.
The session saw the US currency weaken on a global scale – the DXY index, which measures the strength of the dollar against a basket of currencies, fell about 1%.
On the Stock Exchange, the broad Ibovespa index operated at a steady high throughout the trading session, to close with an appreciation of 1.71%, at 110,345 points, driven by significant gains in commodities and banks.
The feeling of greater appetite for risk from market agents came after comments by US President Joe Biden that the US government was considering dropping tariffs imposed by predecessor Donald Trump against Chinese products.
“The pronouncement was welcomed, as any reduction in these tariffs could help to control US inflation,” XP analysts say in a report.
Persistent inflationary pressure in the country, and the risk of a more aggressive interest rate hike by the Federal Reserve (Fed, central bank of the United States), were the main reasons for the drops in US stocks last week.
In the global market, stocks in the United States also fluctuated in the positive field, in a session of adjustments, after having reported on Friday (20) the seventh weekly drop in a row, the worst since 2001.
The S&P 500 closed with gains of 1.86%, the Dow Jones rose 1.98%, and the Nasdaq, with the highest concentration of technology stocks, advanced 1.59%.
with Reuters
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