The dollar opened sharply against the real this Friday (1st), approaching the R$5.30 mark, with investors reacting to the approval by the Senate on the eve of the PEC (Proposal for Amendment to the Constitution) that establishes a state of emergency to expand and create new social assistance, while international fears of recession collaborated in the search for security.
At 9:06 am (GMT), the spot dollar advanced 1.15%, at R$ 5.2910 on sale.
On B3, at 9:06 am (GMT), the dollar futures contract with the first maturity rose 0.70%, to R$ 5.3330.
This Thursday (30), the benchmark indicator of the Brazilian Stock Exchange fell 1.08%, to 98,541 points. At the end of the second quarter of 2022, the Ibovespa sank 17.88%. This was the worst result since the 36.86% dip at the end of the first quarter of 2020.
With a monthly drop of 11.5%, the Ibovespa also had its worst month in June since the 29.9% drop in March 2020.
The spot commercial dollar had the biggest monthly gain since March 2020. The jump in June was 10%, while the high in the month marked by the beginning of the pandemic came close to 16%.
In the United States, the S&P 500 also ended the quarter with a fall close to 18% and, like the Ibovespa, the main index of the New York Stock Exchange had its worst result since the 20% drop at the beginning of the pandemic.
To face the highest inflation in four decades, the Fed (Federal Reserve, the American central bank) has been accelerating the escalation of interest in the country, increasing fears that this credit crunch could cause recession in the country, damaging the entire world economy.
with Reuters
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