The dollar fell against the real shortly after the opening of this Wednesday (3), although the movement did not compensate for the strong jump registered the day before.
Investors await the conclusion of the monetary policy meeting of the Central Bank of Brazil, which will take place after the markets close and will define interest rates.
At 9:12 am, the spot dollar retreated 0.44%, at R$ 5.2540 on sale.
On B3, at 9:12 am, the dollar futures contract with the first maturity fell 0.50% to R$5.2965.
The spot US currency closed the last session up 1.93%, at R$5.2771, the strongest appreciation since July 11 (+1.94%) and the highest closing level since July 26 ( BRL 5.3518).
In this trading session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of September 1, 2022.
On Tuesday (2), growing tensions between the United States and China put pressure on the exchange rate in Brazil. The spot dollar jumped 1.93%, to R$ 5.2770 on sale.
Statements by two members of the Fed (Federal Reserve, the American central bank) also favored the rise of the dollar by indicating to the market the willingness of the monetary authority to continue raising interest rates in the United States. The country tries to restrict economic activity to control the highest inflation in 40 years.
In the stock market, the Ibovespa index rose 1.11%, to 103,483 points. Abroad, however, the main stock exchanges fell on concerns about Taiwan.
The search by investors for companies that “are dented” on the Brazilian stock exchange explains the Ibovespa’s resistance on a tense day, according to Marcus Labarthe, a partner at GT Capital.
In New York, the S&P 500 indicator, a parameter for the US stock market, dropped 0.67%. In Europe, the index that tracks the region’s top 50 companies lost 0.59%.
This week’s main event for the Brazilian market is the release of the new basic interest rate, scheduled for after 6:30 pm this Wednesday. There is a unanimous bet on a 0.50 percentage point increase, bringing the rate to 13.75% per year.
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