The dollar started Monday (2) with a strong rise against the real, with a more skittish climate abroad maintaining demand for the US currency, at the beginning of the week that should be dominated by the monetary policy meetings of the central banks of Brazil and the United States.
At 9:10 am (GMT), the spot dollar advanced 1.06%, at R$ 4.9957 on sale.
On B3, at 9:10 am (GMT), the first-maturity dollar futures contract rose 0.46% to R$5.0405.
The US currency closed the last session with a positive oscillation of 0.07%, at R$ 4.9435.
Last Friday (29), the main index of the Brazilian Stock Exchange fell 1.86% and, as a result, the Ibovespa ended April with a fall of 10.10%. It is the worst monthly close since March 2020, when the indicator sank 29.9% due to the beginning of the Covid-19 pandemic.
In exchange, the dollar rose 3.82% in the month, the first monthly gain since October last year and the highest rise in a 30-day period since September 2021. The daily rate on Friday oscillated positively by 0.06%, BRL 4.9430.
Global inflation has money managers increasingly betting that major global economies will be forced to aggressively raise interest rates to try to contain rising prices.
This concern is especially directed to the United States, where the Fed (Federal Reserve, the country’s central bank) will announce a new credit rate hike this week. Higher interest rates there attract dollars to the US Treasury and, as a result, weaken emerging country currencies and stock markets.
In the United States, the New York Stock Exchange benchmark fell 8.80% in April and, as with the Ibovespa, had its worst monthly result since the 12.51% drop in March 2020. daily, the S&P 500 lost 3.63%.
The Nasdaq indicator, focused on the technology sector, plunged 4.17% on the day. In the accumulated of April, the fall reached 13.26%. It’s the biggest drop since the 17.73% dip in October 2008, the year of the US housing crisis.
The Dow Jones, which tracks high-value companies, dropped 2.77% on the day and 4.91% on the month. It is also the worst result for the indicator since the 13.74% drop in March 2020.
with Reuters
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