Dollar falls to 5.09 reais and closes at the lowest level in two weeks

In anticipation of the release of inflation data in the United States, the financial market had a day of relief.

The dollar fell below R$ 5.10 and closed at the lowest level in fourteen days. The stock market had the third consecutive high and reached the hl since the end of August.

The commercial dollar closed this Monday (12) and sold at R$5.097, with a withdrawal of R$ 0.05 (-0.97%).

The rate was almost stable in the morning but fell in the afternoon as the climate in the US financial market improved among international investors.

With yesterday’s performance, the dollar closed at its lowest level since August 29, when it closed at R$ 5.03. The currency declined by 2.02% in September and 8.59% in 2022.

The day was also marked by a recovery in the stock market.

The Ibovespa index of the B3 closed at 113,407 points, up 0.98%.

The indicator reached the highest level since Aug. 25, boosted by the price of commodities (primary goods with the international quotation) and retail stocks.

The dollar fell across the board, and U.S. equity markets rose on expectations that inflation inwould United States will decline.

Today the consumer price index for August will be released.

Estimates will be confirmed if the indicator shows deflation, benefiting emerging markets such as Brazil.

However, if the index is above the forecast, nervousness could return to the international market.

The decline in North American inflation reduces pressure on the Federal Reserve to raise interest rates by 0.75 percentage points at its meeting next week.

Higher interest rates in advanced economies encourage a capital flight from emerging markets such as Brazil.

A smaller-than-expected increase, on the other hand, benefits developing countries.