The dollar fell in the first trades on Tuesday (5), extending a sequence of losses for a fourth consecutive trading session and going below the R$ 4.60 barrier amid the constant perception of an attractive domestic environment for investments.
At 9:02 am (GMT), the spot dollar retreated 0.44%, to R$ 4.5870 on sale.
On B3, at 9:02 am (GMT), the first-maturity dollar futures contract dropped 0.19% to R$4.6200.
The US spot currency closed the last session down 1.27%, at BRL 4.6075 on sale, the lowest for closing since March 4, 2020 (BRL 4.5806)
The day before, the dollar plunged 1.22% to R$4.6090, the lowest price since closing at R$4.5810 on March 4, 2020. The American currency also remained at the previous level. of the Covid-19 pandemic, declared by the World Health Organization on March 11, 2020.
The benchmark index of the Brazilian Stock Exchange dropped 0.24%, to 121,279 points, this Monday (4th). The drop occurred after the indicator closed the first quarter with around 15% gain and reached, last Friday (1st), the best score in eight months.
In the commodities market on Tuesday morning, the price of a barrel of Brent oil rose 0.85%, to US$ 108.44. Investors weighed the impact of possible new sanctions on Russia after the accusation that the country’s troops murdered dozens of Ukrainian civilians.
Russia is one of the main oil and natural gas exporting countries and its production has already been banned in the United States. European countries are dependent on Russian supplies for power generation, yet Europe is considering banning Russian coal imports, The Wall Street Journal reported on Tuesday.
The London, Paris and Frankfurt Stock Exchanges were trading at drops of 0.19%, 1.79% and 0.64%, in that order.
US stock futures markets were down. Investors are studying the next steps of the Fed (Federal Reserve, the American central bank) regarding the pace of accelerating interest rate hikes. The Fed raised rates in March for the first time since 2018 and is expected to make more hikes this year to try to curb inflation.
In Asia, markets in China did not open on Tuesday due to a holiday. In Japan, the Tokyo Stock Exchange rose 0.19%.
with Reuters
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