The dollar had discreet fluctuations in the first trades on Wednesday (18), with an upward bias, but remained well below R$5 a day after registering the biggest drop in almost nine months.
Investors were monitoring the less risky day in international financial markets, following a rally in stocks and other markets that helped lift sentiment and sent the dollar crashing around the world.
At 9:05 am (BrasÃlia time), the spot dollar advanced 0.18%, at R$ 4.9519 on sale.
On B3, the first-maturity dollar futures contract rose 0.25% to R$4.9720.
The spot dollar ended Tuesday (18) at a sharp drop of 2.14%, at 4.9428 reais on sale – the biggest drop since August 24, 2021 (-2.25%). The closing level was the lowest since the last day 4 (4.9020 reais)
In the last session, on a day of greater optimism on the part of global investors with the possibility of easing restrictions to combat Covid-19 in China, the dollar registered a strong fall against the real, while the Brazilian Stock Exchange maintained its positive tone. of the previous days.
The commercial dollar marked the fourth consecutive devaluation against the Brazilian currency on Tuesday (17), of 2.19%, quoted at R$ 4.9410 for sale, the highest percentage drop since August 2021. With the fall, the American currency retreated to the lowest level since the May 4 trading session, when it was quoted at R$ 4.9030.
The good mood that marked the session made the dollar lose strength on a global scale – the DXY index, which measures the strength of the dollar against a basket of currencies, fell 0.85% around 18:30.
On the Stock Exchange, the upward trend seen in the last four sessions continued on Tuesday, following the significant gains of global pairs.
The broad stock index Ibovespa ended the day up 0.51%, trading at 108,789 points, with emphasis on papers related to the dynamics of the local economy.
The shares of the education company Cogna advanced 5.86%, while those of EcoRodovias appreciated 5.10%, and those of Dexco, ex-Duratex, rose 2.86%.
Magazine Luiza shares retreated 11.46%, after the retailer reported a loss of R$ 99 million in the first quarter.
In the electricity sector, Eletrobras’ shares appreciated by 3%, after the state-owned company reported a profit of R$ 2.7 billion in the first quarter, an increase of 70% compared to the same period of the previous year.
China easing cheers global investors
In global markets, the day was a general high in the main exchanges, with relief from investors about mobility restrictions in China.
“The spread of the virus in Shanghai was under control for the third day in a row, boosting investor optimism as it reaches the condition imposed by the authorities for a greater movement to reduce mobility restrictions in the region”, point out Guide analysts in report.
On US stocks, the S&P 500 gained 2.02%, and the Dow Jones rose 1.34%, while the Nasdaq rose 2.76%.
Guide analysts point out that, in the Euro Zone, a new reading of GDP (Gross Domestic Product) for the first quarter of the year brought better-than-expected data, indicating some resilience of the bloc’s economy in the face of challenges with Covid-19. at the beginning of the year and the initial impacts of the war between Russia and Ukraine.
The GDP of the 19 countries sharing the euro rose by 0.3% in the January-March period over the previous three months, marking a growth of 5.1% over the same period a year earlier.
The previous estimate had pointed to a growth rate of 0.2% on a quarterly basis and 5.0% on an annual basis.
with Reuters
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