RIO DE JANEIRO, BRAZIL – On a tense day in the market, the commercial dollar closed this Wednesday, January 15th, at R$4.185, up 1.3 percent and at its highest value since December 5th (R$4.188).
The dollar traded up throughout the session and closed at its maximum of the day. The currency has accumulated an appreciation of 4.3 percent in 2020.
In the stock market, the day was also full of tension. The Ibovespa, the B3 index closed the day down 1.03 percent, at 116,417 points. The Exchange interrupted a two-day-high sequence.
In recent days, the financial market has been affected by expectations surrounding the closing of the trade agreement between the United States and China, the two largest economies on the planet. The first stage of the agreement was signed yesterday afternoon at the White House
Despite China’s commitment to import US$180 billion in U.S. goods, the agreement did not rescind most of the punitive import tariffs imposed by the United States on US$360 billion of Chinese products.
Donald Trump’s government will maintain additional tariffs of 25 percent on US$250 billion of goods imported from China and 7.5 percent on an additional US$120 billion.