The dollar extended its gains against the Brazilian currency this Friday (16), surpassing the R$ 5.25 mark and heading for a strong weekly appreciation, with fears about a very aggressive cycle of interest rate hikes in the United States. States continuing to impose international caution.
At 9:05 am (Brasília time), the spot dollar advanced 0.23%, at R$ 5.2515 on sale.
On B3, at 9:05 am (GMT), the dollar futures contract with the first maturity rose 0.11%, to R$ 5.2725.
This Thursday (15), negotiations in the global financial market still reflected concerns about an environment of high interest rates in the main economies and, consequently, less favorable to investments in variable income, such as the stock markets.
This fear gained strength last Tuesday (13), when the United States announced that inflation in the country in August was above expectations.
The commercial dollar closed up 1.15% this Thursday, quoted at R$ 5.2390. The real showed the worst return against the US currency in comparison with the currencies of other emerging countries.
On the Brazilian Stock Exchange, the Ibovespa index dropped 0.54%, to 109,953 points, following the decline of the main stock markets abroad.
In New York, the benchmark S&P 500 index fell 1.13%. The Nasdaq indicator lost 1.43%. The Dow Jones fell 0.56%.
The latest US inflation data renewed investors’ fears about a more aggressive rate hike by the Federal Reserve (Fed), the US central bank.
US inflation rose 0.1% in August compared to July. In the 12-month period, the rise in prices was 8.3%.
Market analysts had expected the CPI, an acronym for consumer price index, to show deflation of 0.1% in the month and, in the accumulated in 12 months, a fall from 8.5% to 8.1%.
The drop in oil prices also exerted negative pressure on the Ibovespa, as the devaluation of the raw material impacts Petrobras shares. The company’s most traded papers dropped 0.19%.
The price of a barrel of Brent oil dropped 3.56% in the late afternoon of this Thursday, quoted at US$ 90.75 (R$ 474). An agreement between railroad companies and unionists in the United States, brokered by the government of President Joe Biden, may be responsible for part of the fall, according to The Wall Street Journal.
The stoppage of freight trains would prevent deliveries of coal for power generation in the country and would increase demand for oil and natural gas.
The price of the commodity was still affected by the information that the US Department of Energy has no plans to replenish its emergency reserves this year.
with Reuters
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