The dollar started trading on the spot market higher on Monday (16), but remained below R$ 5.10, with traders monitoring a new day of strength for the US currency abroad after weak data from China. .
At 9:06 am (Brasília time), the spot dollar advanced 0.22%, at R$ 5.0688 on sale. But the gains were even greater, from 0.53%, to R$ 5.0846.
On B3, at 9:06 am (GMT), the dollar futures contract with the first maturity rose 0.12%, to R$ 5.0940.
Friday’s trading session (13) was marked by a feeling of greater appetite for risk in global markets, rocking the Brazilian Stock Exchange, which marked the third consecutive session of gains and interrupted the recent negative weekly sequence.
The Ibovespa stock index ended the previous trading session up 1.17%, at 106,924 points, supported by consumer stocks and banks. Since the end of March, the index has not registered three consecutive highs.
With the performance of the last few days, the Ibovespa recorded gains of 1.70% in the week, after five weekly lows. In the year, the index started to accumulate appreciation of 2%.
In exchange, the dollar lost strength in a scenario of reduced risk aversion on the part of investors and ended the session down 1.61% against the real, quoted at R$ 5.058 for sale. The American currency accumulated a slight devaluation of 0.3% last week, with a drop of 9.3% in the year.
Fall of Twitter and Cryptocurrencies
On US stock markets, technology stocks, which have been under heavy pressure in recent days due to the risk of a more aggressive monetary tightening by the Federal Reserve (Fed, US central bank), led gains on Friday.
The Nasdaq, with the greatest concentration of digital businesses, increased by 3.82%, while the S&P 500, with a greater sector coverage, advanced 2.39%, and the Dow Jones, 1.47%.
Disagreeing with peers, Twitter shares plunged 9.76%, after businessman Elon Musk announced the suspension of the agreement to buy the social network.
According to the billionaire, the purchase depends on confirming the number of users with spam or fake accounts on the network. Earlier this month, Twitter had estimated that fake or spam accounts accounted for less than 5% of its daily active users — the network said it had 229 million users who received advertising in the first quarter of this year.
In the cryptocurrency universe, Bitcoin experienced only a timid recovery on Friday, up 1.04%, again nipping the $30,000 level, trading around $29,911 a unit, according to Bloomberg data.
The rally broke a streak of eight straight sessions of losses for the cryptocurrency, but was far from preventing a 17.4% devaluation for the week.
In the year, the price of Bitcoin in the international market sinks by about 36.4%, in a scenario of rising interest rates in developed markets that have put in check the ability of cryptocurrencies to serve as a store of value in the pocket of investors.
Added to the week’s losses was the collapse of the TerraUSD stablecoin, which rocked the cryptocurrency market.
The sell-off has nearly halved the value of the global cryptocurrency market since November, from a peak of around $2.9 trillion to close to $1.4 trillion, according to data from the CoinMarketCap platform.
The fall, however, took on dramatic airs in the last sessions, when the impact began to be felt by “stablecoins”.
“Stablecoins” are tokens pegged to the value of traditional assets, often the US dollar itself, and have become one of the main means of moving money between cryptocurrencies or converting balances in digital wallets into cash in global markets.
with Reuters
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
