The dollar rose again against the real on Tuesday (26), although at a slower pace than seen in the last two sessions, with fears about a more aggressive monetary tightening in the United States and a probable slowdown in China continuing to harm risky assets. around the world.
At 9:13 am (BrasÃlia time), the spot dollar advanced 0.58%, at R$ 4.9053 on sale.
On B3, at 9:13 am (GMT), the first-maturity dollar futures contract rose 0.54% to R$4.9120.
The day before, the dollar rose 1.46%, to 4.8768 reais on sale, the highest value since last March 22 (R$ 4.9153). In the last two trading sessions, the currency accumulated a high of 5.59%.
The day before, the world financial market worked under the fear that restrictions on economic activities to combat the coronavirus in China could damage global supply chains, repeating a situation that occurred at the height of the pandemic and which is at the root of the current global inflation. .
In Brazil, the dollar jumped 1.49% and closed at R$4.8780, after having reached close to R$4.95 during the session. On Friday (22), the spot American currency had already shot up 4.04%, to R$4.8060, the highest value since the end of March and the strongest daily percentage increase since the beginning of the Covid-19 pandemic. 19, in 2020.
On the Brazilian Stock Exchange, the Ibovespa index dropped 0.35%, to 110,684 points. During the trading session, the indicator retreated to around 109 thousand points, visiting a low region that had not been visited since mid-March.
Inflationary risks due to the supply of products from Asia reinforced expectations that the Fed (Federal Reserve, the central bank of the United States) will aggressively raise interest rates to try to contain the highest inflation in the country in four decades.
Despite concerns that an exaggerated dose of interest rate hikes to control inflation will drive the US economy into recession, the US stock market emerged from the red at the end of Monday’s session.
Investors took the opportunity to buy excessively depreciated securities. That included Twitter shares, which rose 5.66% on news that billionaire Elon Musk had struck a deal to buy the social network for $44 billion.
with Reuters
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