The dollar fell sharply this Friday (29), going even further below R$5, following the retraction of the US currency abroad from its highest levels in 20 years, in a session that tends to be volatile due to the formation of the month-end Ptax rate in the domestic market.
At 10:28 am (GMT), the spot dollar retreated 0.84%, to R$ 4.8985 on sale.
On B3, at 10:28 am (GMT), the first-maturity dollar futures contract dropped 0.93% to R$4.8950.
The day before, the exchange rate dropped for the second time, despite the wide appreciation of the dollar against the main world currencies. The fall in the American currency was 0.54%, closing the trading session quoted at R$4.94.
A rally of investors looking for opportunities in the US tech sector has spread optimism in global stock markets.
Favorable winds also blew from Asia, where Chinese government stimulus promises returned to value the metallic commodities sector, one of the most important on the Brazilian Stock Exchange, which reversed the drop at the beginning of the session to close in the black for the second consecutive trading session. , after seven previous daily lows.
The Ibovespa benchmark index rose 0.52% to 109,918 points. Vale’s shares rose 2.47%, making the biggest positive contribution to the domestic market.
On the New York Stock Exchange, the benchmark S&P 500 index jumped 2.47%, driven by the technology sector. The Nasdaq indicator, which tracks midsize companies in this segment, climbed 3.06%. The Dow Jones gained 1.85%.
Shares Meta Platforms, the parent of Facebook, soared 17.63% a day after the company reported numbers of active daily users above estimates.
Despite the optimistic scenario reflected by the gains on the Stock Exchanges, investors spent much of the day seeking protection in assets linked to the dollar while evaluating data on the United States economy, whose GDP (Gross Domestic Product) shrank 1.4% in the first quarter — the first slumped since the second quarter of 2020—although consumer spending is on the rise.
with Reuters
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