The financial crisis in the United States, with the bankruptcy of Silicon Valley Bank, influenced the Ibovespa drop on Monday.
The commercial dollar closed 1.16% higher, at R$5.2683, after reaching a maximum of R$5.2823 and reaching a minimum of R$5.2121.
The U.S. dollar futures contract for April advanced 1.06% to R$ 5.289 around 5:10 pm.
In Brazil, Bradesco’s preferred shares fell 1.11%. The common shares fell 0.85%. Banco do Brasil’s shares fell 0.63%.
Itaú’s ordinary shares fell 1.30%. Its preferred shares dropped 1.2%. Finally, Santander Brasil’s shares decreased by 2%.
In the interest market, the rates show falls, also following the trend in the United States, with the perception that the crisis may interrupt the cycle of high-interest rates by the Fed (Federal Reserve, the American central bank).
The contracts maturing in January 2024 fell from 13.15% last Friday (10) to 12.99% per year.
For January 2025, the rate fell from 12.37% to 12.14%. In the maturity of January 2027, the rates dropped from 12.64% to 12.46.