The instability in the international market interrupted the truce in the exchange rate and made the dollar reach its highest level in a month.
The stock market fell more than 2% due to the possibility of high-interest rates in Brazil and the fall in commodity prices (primary goods with international quotations).
The trading dollar closed at R$5.238 on Tuesday (6), up R$0.084 (+1.63%).
The price increased throughout the session, reaching its daily high of R$5.25 at 2 pm. The North American currency called the highest level since August 3, when it closed at R$5.27.
In 2022, the currency recorded a decline of 6.06%.
The stock market also experienced a rough day. The Ibovespa index B3 closed at 109,764 points, down 2.17%.
The indicator canceled the gains of recent days, influenced by a change in signals from the Central Bank (BC).
Statements by the president of the BC, Roberto Campos Neto, and the director of monetary policy of the institution, Bruno Serra, indicated that the institution is studying a possible increase of 0.25 percentage points in the Selic rate (prime rate of the economy) in the meeting of 20 and 21 September.
Higher interest rates discourage investment in the stock market because they make fixed-income investments, such as government bonds, more attractive.
According to the Focus Bulletin, a survey of financial institutions published weekly by the central bank, most financial institutions expected the Selic rate to remain at 13.75% per year through the end of 2022.
The key interest rates have been at this level since August.
In the foreign market, the dollar rose globally with the increase in U.S. government bond yields, which reached the highest level since June.
With the return of Labor Day in the United States, bets rose that the Federal Reserve would raise key interest rates by 0.75 percentage points later this month.
Higher interest rates in advanced economies encourage a capital flight from emerging markets such as Brazil.
The fall in international commodity prices created tensions in the financial market, putting pressure on mining and oil company stocks.
A barrel of Brent crude closed at US$92, down 3%, after the Organization of Petroleum Exporting Countries (OPEC) announced a production cut.
With information from Agencia Brasil