The dollar fell slightly against the real this Friday (30), with investors adjusting positions after the currency closed the day before at a peak in two months, but the last trading session before the first round of the presidential elections may bring caution and volatility, perspective. which was reinforced by the resumption of an American currency rally abroad.
The formation of Ptax — the exchange rate used as a reference for financial operations — at the end of the month and quarter should also contribute to instability during the negotiations, experts said.
At 9:05 am (GMT), the spot dollar retreated 0.07%, at R$ 5.3900 on sale.
On B3, at 9:05 am (GMT), the first-maturity dollar futures contract dropped 0.21% to R$5.3870.
This Thursday (29), stock markets around the world fell sharply as investors reduced expectations about the effect of the Bank of England’s intervention in the crisis that for a week has shaken global finances, already badly shaken this year by fears that interest rate hikes to curb inflation will trigger a global recession.
In Brazil, in addition to negative pressure from abroad, the proximity of the first round of elections added to concerns and contributed to the rise of the dollar against the real. Despite this, the domestic stock market ended the day losing less than abroad.
The parameter indicator of the Brazilian Stock Exchange fell 0.73%, to 107,664 points.
The commercial dollar rose 0.80%, quoted at R$5.3930. Among the main currencies, the real was among the few that retreated against the dollar this Thursday.
Domestic interest rate contracts were close to stability this Thursday and, according to analysts, this signals the good reception of investors to statements by the president of the Central Bank of Brazil, Roberto Campos Neto. He spoke about the expectation of a reduction in the country’s interest rate from June 2023, in line with market projections.
In the United States, the Dow Jones indicator dropped 1.54%. This index tracks the stocks of 30 of the largest companies on the New York Stock Exchange and its cumulative annual drop of nearly 20% is a symptom of investors’ fears that the Fed’s high interest rate monetary policy. will lead the country and the world to a strong economic slowdown.
A parameter of the New York Stock Exchange, the S&P 500 index tumbled 2.11%. Nasdaq, which concentrates shares of technology companies with great growth potential, sank 2.84%.
Yields on US Treasury bonds maturing in ten years, a benchmark for the global interest rate market, rose slightly on Thursday, to close to 3.8%, after having retreated the day before.
This shows that investors continue to seek protection from the world’s safest investment, as experts often refer to US sovereign bonds.
In Europe, the London and Frankfurt Stock Exchanges fell by 1.77% and 1.71%, respectively.
On Wednesday, the world’s major stock exchanges rose after the British central bank’s announcement that it would buy British government bonds in any amount needed to stop a sale of UK debt that sent the pound sterling down against the dollar. in the last days.
The crisis that the Bank of England is trying to calm was triggered by a tax cut plan announced by the British government, whose expected effect is to heat up the economy. The problem is that this type of stimulus goes against the aggressive interest rate hike adopted by the British central bank to curb inflation.
Relief after the British central bank’s announcement caused the dollar to fall and appreciated the pound and euro, which have accumulated sharp declines this year.
The pound had its first rally after nine straight declines. Even so, the accumulated loss this year against the dollar is almost 20%.
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