Dollar advances more than 1% against real

The dollar gained more than 1% against the real shortly after opening on Monday (15), after the week began with renewed fears about the health of the global economy in the wake of weak data on China’s activity, which led investors to redirect resources to assets considered safe.

At 9:04 am (GMT), the spot dollar advanced 1.15%, at R$ 5.1328 on sale.

On B3, at 9:04 am (GMT), the first-maturity dollar futures contract rose 1.06% to R$5.1575.

On Friday (12), the dollar fell 1.66%, ending the session quoted at R$5.0740. It is the lowest level since June 15. In the accumulated result for the week, the American currency fell 1.86%.

In the global exchange market, the real had the highest daily appreciation among its peers, recovering from a sharp drop the day before.

The Brazilian currency had the biggest gain both in comparison with currencies of emerging countries, and in relation to the basket that measures the value of money of the main economies.

The Brazilian Stock Exchange delivered this Friday (12) its biggest weekly growth in 21 months.

After advancing 2.78% in this session, the Ibovespa index jumped 5.91% this week. It is the best gain since the 7.42% achieved in the first week of November 2020.

In addition to a more favorable international environment for investments considered risky, such as equity investments in emerging countries, investors showed optimism when evaluating the battery of quarterly balance sheets of local companies.

In the last two weeks, the Brazilian stock exchange closed in the black in eight sessions and registered only two drops.

Still on Friday’s trading session, Magazine Luiza’s shares soared almost 18%. Petrobras’ most traded papers jumped 6.19%. Banco do Brasil gained 5.65%.

With most companies having already completed their second quarter earnings presentations, experts at XP Investimentos rated 73% of balance sheets reporting better-than-expected earnings.

with Reuters