The dollar resumed its upward movement this Thursday (28), after having paused a rally against the real the day before, following once again the broad strength of the US currency abroad in a day full of indicators.
At 9:07 am (GMT), the spot dollar advanced 0.59%, at R$ 4.9976 on sale.
On B3, at 9:07 am (GMT), the first-maturity dollar futures contract rose 0.66% to R$5.0015.
The spot dollar closed the last session down 0.43%, at R$ 4.9682 on sale, interrupting a sequence of three consecutive daily gains
The day before, the strong appreciation of the shares of exporters of metallic commodities allowed the partial recovery of the Brazilian Stock Exchange and collaborated with the fall of the dollar, despite the global aversion to risk investments due to the threats of world inflation.
The Ibovespa, a benchmark indicator of the Brazilian stock market, rose 1.05%, to 109,349 points, after a sequence of seven daily declines.
After three sessions on the rise, the commercial dollar retreated 0.46% on sale, at R$4.9670, although the quotation has passed R$5 in the morning.
In addition to the appreciation of the commodities sector, which attracts dollars from foreigners to the domestic market, the Central Bank also acted with the aim of holding the quotation, carrying out a new traditional exchange rate swap auction.
Among the main raw materials exported by Brazil, iron ore has its futures contracts valued again after days of strong declines. In the port city of Qingdao, China, the rise of 1.49% was a relief after the 10% drop in the accumulated of four sessions in the red.
Permissions for the reopening of factories and the loosening of the confinement to contain Covid in Tangshan, China’s main steel producing center, as reported by Bloomberg, are the reasons given by analysts for the recovery of metallic commodities.
Promises from the Chinese government about injections of resources into the infrastructure sector helped to increase optimism about the increase in demand in the country, which is the largest producer and consumer of steel on the planet.
In Brazil, investors also evaluated news on domestic inflation. The IPCA-15, considered the preview of official inflation, rose 1.73% in April. A Reuters poll of economists estimated a rise of 1.85% for the period.
This was reflected in the local interest rate futures market, whose contracts maturing in the next few years began to show a decline.
Between Tuesday and Wednesday, the DI (Interbank Deposits) rate for January 2023 dropped from 13.02% to 12.97%. This type of contract is negotiated exclusively between banks, but serves as a reference for the credit market.
In the negotiations of oil derivatives, the attention was turned to natural gas. The reference price of contracts traded in Europe rose 4.09%, to 107.42 euros (R$ 568.14) per MWh (megawatt hour). The day before, the commodity had already shot up 11.17%.
Russian energy company Gazprom warned authorities in Poland and Bulgaria that it would suspend gas supplies from Wednesday, after Warsaw imposed new sanctions on individuals and companies in the country presided over by Vladimir Putin.
With the measure, the countries become the first to have the product’s supply cut by the main supplier in Europe since Russia invaded Ukraine on February 24.
The oil market had a warm day. The price of a barrel of the most traded crude oil, Brent, rose 0.20% to US$ 105.20 (R$ 527.44). The raw material, however, has remained at a historically high level since the beginning of the war, contributing to the rise in global inflation.
with Reuters
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