Dollar falls to R$5.26 and records first weekly decline against the Brazilian currency since May
RIO DE JANEIRO, BRAZIL – In another day of relief in the financial market, the dollar fell below R$5.30 and recorded the first weekly decline since May. The stock market ended the day lower but recorded gains for the second week in a row.
The commercial dollar closed this Friday (8) at R$ 5.268, down R$ 0.077 (-1.44%). The rate opened with a slight high but declined soon after the opening of the North American market and closed near the daily minimum.
With today’s performance, the dollar declined by 0.99% in the week after reaching R$ 5.46 last Wednesday (6). The currency rises 0.63% in July but falls 5.52% in 2022.
In the equity markets, the day was marked by volatility. The Ibovespa index B3 closed at 100.299 points, down 0.44%. The indicator started the day high but reversed the movement during the session and began to fall under pressure from shares of mining and steel.
Despite the decline yesterday, the stock market gained 1.35% for the week and continues to exceed 100 thousand points.
Data from the U.S. labor market provided relief to the world market. Investors were encouraged by the announcement that the U.S. economy created 376,000 jobs in June.
The figure was higher than expected, reducing the risk that the world’s largest economy will fall into recession, despite recent interest rate hikes by the Federal Reserve (Fed, U.S. central bank).
In Brazil, the delay until the end of the year of the vote on the proposed constitutional amendment (PEC) to increase social benefits and create subsidies for truck and cab drivers affected the market.
The vote in the House of Representatives, scheduled for yesterday (7th), was postponed until Tuesday (12th) due to a lack of quorum. The market fears the impact of the 41.25 billion rupee proposal on the Union budget by the end of the year.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.55%
174,576.80
+1.55%
65,522.56
-0.38%
11,450.75
-0.76%
3,009,029
+0.46%
2,508.47
-0.09%
60,117.56
+0.55%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 174,576.80 | +1.55% | +21.85% | 171,906.72 | 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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