The dollar rose against the real in early trading on Tuesday (19), as the expectation that the US central bank, the Federal Reserve, will be more aggressive in its monetary tightening boosted yields on US sovereign bonds. .
At 9:07 am (Brasília time), the spot dollar advanced 0.18%, at R$ 4.6586 on sale.
On B3, at 9:07 am (GMT), the first-maturity dollar futures contract rose 0.09% to R$4.6730.
The spot dollar closed the last session down 0.99%, at R$4.6500.
This Tuesday morning, the futures indices of the Brazilian and New York stock markets started this Tuesday slightly negative. European stocks reopened in the red after the Easter break.
In Asia, the main indicator of the Hong Kong Stock Exchange fell 2.28%, while the index that tracks the largest companies in the Chinese cities of Shanghai and Shenzhen dropped 0.76%. London, Paris and Frankfurt lost 0.39%, 1.19% and 0.80%, in that order.
“The return to post-holiday talks is penalized by heightened tensions in Ukraine, after Russia begins the second phase of its offensive,” commented Nicolas Borsoi, chief economist at Nova Futura.
The benchmark crude oil price fell 1.12% after four consecutive days of highs. The barrel of Brent was quoted at R$ 111.89 (R$ 522.97).
The day before, the commercial dollar closed down by 1.02%, at R$4.6480. On Monday, the real occupied the position of the most valued currency against the dollar in comparisons between the main world currencies and also among those of emerging countries.
On the Brazilian Stock Exchange, the Ibovespa index lost 0.43%, dropping to 115,687 points. The drop was mainly influenced by the 1.76% declines for Petrobras and 1.65% for Vale.
Despite the day of appreciation of commodities exported by the main companies in the country, oil and iron ore, respectively, the stock exchange is going through a period of correction, with the reversal of the flow of foreigners, after a first quarter of strong increase.
The credit market, on the other hand, showed slight relief. DI (Depósitos Interbancários) interest rates for contracts from 2024 fell for the first time in nine sessions. Negotiated between banks, DI contracts are a reference for the credit sector and reflect the segment’s expectations regarding the country’s interest rates.
The market, however, continues to expect a monetary tightening and the forecast of high interest rates is one of the main reasons for the appreciation of the real.
with Reuters
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