Dollar falls to R$ 5.22 after Central Bank’s Copom meeting

The stock market rises 2.04% in anticipation of an end to interest rate hikes.

Expectations of a slowdown in the U.S. economy and indications that the Brazilian central bank is close to ending the cycle of interest rate hikes kept the financial markets calm. The dollar fell and returned to the vicinity of R$5.2. The stock market rose more than 2% and reached the highest level in almost two months.

The commercial dollar closed this Thursday (4) at R$ 5.22, down R$ 0.058 (-1.09%). The price started the day with a high but reversed the trend following the international market and closed near the day's lows.

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