The dollar jumped more than 1% against the real on the morning of this Friday (23), following a movement of strong risk aversion in international financial markets as the prospect of rising interest rates in the main economies fueled fears of recession.
At 9:11 am (GMT), the spot dollar advanced 1.11%, at R$5.1727 on sale.
On B3, at 9:11 am (GMT), the first-maturity dollar futures contract rose 1.07% to R$5.1825.
The day before, the spot commercial dollar closed down by 1.14%, at R$ 5.1780 on sale. The real also ended the day as the second most valued currency among emerging currencies, after the Russian ruble.
The Brazilian stock market delivered robust gains to investors this Thursday (22), taking the opposite path of the lows in the main world stock exchanges.
The Ibovespa index, a reference for the Brazilian Stock Exchange, closed the day up 1.91%, at 114,070 points. A very significant gain compared to the closing of the main American and European equity indicators. The S&P 500, the New York Stock Exchange’s benchmark, ended up down 0.85%. London and Frankfurt stock exchanges dropped 1.08% and 1.84%, respectively.
Analysts say yesterday’s news about the Central Bank’s conclusion of the basic interest rate (Selic) increase cycle signaled success in the country’s monetary policy to slow the rise in consumer prices, although Brazil is still far from reaching its targets. of inflation.
This Wednesday (21), the Central Bank confirmed that it would not readjust the Selic rate, maintaining the level of 13.75% per year.
In the United States, however, the Fed (Federal Reserve, the American central bank) confirmed the third sharp rise in a row of 0.75 percentage point in the cost of credit, without showing signs that the battle against inflation is nearing an end.
This context also justifies the fall in the exchange rate in Brazil, while the dollar gains strength against the main currencies.
The euro hit its lowest level against the dollar in two decades on Thursday, plummeting to $0.9810.
In addition to the decisions on interest rates putting the local market at an advantage, the fact that the country appears as one of the emerging economies with favorable factors in a scenario of worsening the Ukrainian War also weighs, as it has large exporters of raw materials and food. with upside potential.
Companies in the fields of agricultural, metallic and energy goods, among others, were among the main highlights of the Brazilian stock exchange this Thursday.
SLC Agrícola, Cosan and Raízen rose 5.72%, 4.42% and 4.36%, respectively. The most traded shares of Petrobras and Vale advanced 2.47% and 2.29%.