The dollar was trading slightly lower against the real shortly after the opening on Friday (20), as investors digested new economic stimulus measures in China, which helped to alleviate the recently weakened global sentiment.
At 9:05 am (GMT), the spot dollar retreated 0.14%, to R$ 4.9123 on sale.
On B3, at 9:05 am (GMT), the first-maturity dollar futures contract dropped 0.48% to R$4.9255.
The US spot currency closed the last session down 1.24%, at R$4.9194, its lowest level for a close since the 4th of this month (R$4.9006).
In this trading session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of July 1, 2022.
The day before, in a session marked by the weakening of the dollar against more risky currencies on a global scale, the real gained ground again.
In a steady fall during practically the entire trading session, the American currency ended business with a devaluation of 1.34% against the local currency, quoted at R$ 4.9170 for sale.
Despite the bad mood of international investors leading to a fall in shares on the stock exchanges abroad, the day was one of adjustments and the depreciation of the dollar in a general way – the DXY index, which measures the strength of the currency against a basket of currencies, registered a fall of 0.90%.
The Brazilian Stock Exchange, on the other hand, went against the trend observed among global peers, and, boosted by shares of commodity producers, saw the Ibovespa advance 0.71%, to 107,005 points.
Among the positive highlights on the local stock exchange, Eletrobras shares advanced 2.5%, after the TCU (Union Court of Auditors) had approved the privatization process of the state-owned company the day before.
Papers from large exporters of metallic commodities also stood out among the biggest rises of the day on the Brazilian stock exchange.
In global stock markets, the bad mood of the last session prevailed again this Thursday. In the United States, the S&P 500 fell 0.58%, the Dow Jones fell 0.75% and the Nasdaq closed down 0.26%.
“Risk aversion gains strength in the face of concerns about global growth,” said the department of research and economic studies at Bradesco in a report. “Weighing on the risk assessment are uncertainties with the unfolding of the war in Ukraine, with the policy to combat Covid in China and with the persistent inflationary pressures and their impacts on the conduct of monetary policy in the world.”
Shares in technology company Cisco tumbled about 14% on Thursday, pushing them to 18-month lows after the company warned of persistent shortages of components, worrying Wall Street about the impact of China’s Covid-19 restrictions. 19 and the crisis in Ukraine.
Tech equipment makers like Cisco, who have benefited from corporate spending on technology infrastructure to incorporate hybrid working, face component shortages that have worsened since China’s main supply hub implemented strict Covid-19 lockdowns. in April.
Evidence that high inflation is contaminating the economy is giving investors chills, after numbers from major US retailers showed a reduction in consumption of more expensive items that generate higher profit margins for companies.
​Reflecting the increased caution of investors in recent times, the cash balance of international fund managers rose to its highest value since the terrorist attacks of September 11, 2001 in the United States, according to Bank of America research.
with Reuters
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