The dollar retreated against the real this Thursday (7), taking a breather after a rally that took the US currency to a new peak since the end of January the day before, in line with signs of one-off relief in the strength of the dollar in international markets.
At 9:11 am (GMT), the spot dollar retreated 0.52%, to R$ 5.3949 on sale.
On B3, at 9:11 am (GMT), the first-maturity dollar futures contract dropped 0.61% to R$5.4295.
On Wednesday (6), there was volatility in the financial market while investors waited for the release of the Fed’s (Federal Reserve) minutes. The U.S. central bank released a mid-afternoon report on the meeting that, on June 15, resulted in the country’s biggest interest rate hike since 1994.
Analysts were looking in the document for clues about the risks of a recession in the United States, whose perception could be reinforced if the minutes clearly signaled that the authority will be equally or even more aggressive at its next meeting, on the 26th and 27th of this month. This fear has not been confirmed.
International stocks, which started negative, delivered gains at the end of the day. The Brazilian Stock Exchange also rose. The benchmark for domestic stocks, the Ibovespa, advanced 0.43% to 98,718 points.
Despite this, foreign and domestic risks caused the dollar to rise again against the real.
In addition to the rise in the US currency, the reference price of a barrel of crude oil was traded below US$ 100 (R$ 555), a level to which the commodity has not been lowered in its closing price since April 11.
The commodity falls whenever there is an expectation of reduced demand for energy, which would be one of the consequences of a crisis in the world economy.
In Brazil, the drop in raw materials caused a drop of 1.28% in the most traded shares of Petrobras. Mining company Vale, however, closed higher, with the metal commodities sector also improving mood as it digested the Fed’s minutes.
In New York, the benchmark index of the Exchange, the S&P 500, rose 0.36%. The Dow Jones gained 0.23%. The technology sector index, Nasdaq, gained 0.35%.
In the minutes released by the Fed this Wednesday, the monetary authority reinforces that inflation was the main reason for the 0.75 percentage point increase in the country’s benchmark interest rates and that it could continue with the credit tightening, if the rise in prices persists. .
These are arguments already mentioned by the institution’s president, Jerome Powell, in recent statements.
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