Brazil: US dollar rises to R$5.15, influenced by international market
One day after reaching the lowest level in eight weeks, the US dollar rose, influenced by the international market. The stock market fell after seven straight highs, driven by profit-taking when investors sell stocks to pocket recent gains.
The commercial dollar closed on Thursday, August 11, sold at R$5.158, up R$0.073 (+1.44%). The price came to operate close to stability during the morning but went up after statements from the Federal Reserve (Fed, US Central Bank) that the agency will continue to be strict in combating inflation in the United States.
With yesterday’s performance, the dollar accumulated a drop of 0.31% in August. In 2022, the decline reaches 7.5%.
In the stock market, the day was marked by adjustments. After Wednesday’s euphoria, when it closed at the highest level in more than two months, the Ibovespa index of the B3 closed at 109,718 points, down 0.47%.
After seven straight sessions of gains, investors took advantage of the high share prices to sell the papers.
On August 10, the global financial market had a day of relief after the release of consumer inflation in the United States, which slowed for the first time since the Fed began raising interest rates in the country.
Figures confirmed the slowdown in producer inflation, but the statement by Fed officials that monetary tightening will continue affected the market.
The new data had raised expectations that the Fed will raise US base interest rates by 0.5 percentage points at the next meeting. However, statements from the leaders indicated that part of them would vote for a 0.75-point adjustment, as occurred in the last two meetings.
Higher interest rates in advanced economies stimulate capital flight from emerging countries like Brazil.
With information from Reuters
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Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
+0.21%
174,951.12
+0.21%
66,644.91
+0.53%
11,369.64
-0.71%
3,019,891
+0.36%
2,493.32
-0.60%
60,449.35
+0.24%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 174,951.12 | +0.21% | +21.85% | 174,576.80 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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