On Tuesday morning, the US dollar rose against the Brazilian real amid a cautious global market atmosphere.
Investors are closely scrutinizing Brazil’s economic performance, especially its GDP growth in the third quarter.
Brazil’s economy expanded by a modest 0.1% during this period. This growth was surprisingly better than the 0.2% decline predicted by economists.
Previously, the Brazilian economy had grown by 0.9% in the quarter before.
By 10 AM Brasília time, the American currency was valued at R$ 4.96. This marked a 0.30% increase from its previous value.
In the last trading session, the dollar closed at R$ 4.94. This closure represented a 1.27% rise from its earlier value.
The dollar peaked at R$ 4.95 and hit a low of R$ 4.89 in that session.
Throughout the current year, the real has shown a 6.28% increase in value against the dollar.
The highest value of the real was R$ 5.46 on January 3. Its lowest was R$ 4.73 on July 31. The average dollar exchange rate during this period stood at R$ 5.00.
Globally, the Brazilian real ranks fourth among 23 emerging market currencies in terms of appreciation in 2023.
The Colombian peso leads the pack, with a significant appreciation of 17.16%. Conversely, the Argentine peso has the least favorable performance, suffering losses of 104.70%.
In the Latin American currency market this year, the Colombian peso appreciated by 17.16%, the Peruvian sol by 1.42%, and the Mexican peso by 10.44%.
In contrast, the Chilean peso depreciated by 2.30%, and the Argentine peso by 104.70%.
Additionally, Brazil’s Ibovespa index fell by 1.08% at the previous day’s close, settling at 128,184.91 points.
The stock market’s performance reflected the broader economic trends, with specific stocks like Engie Brasil Energia, Totvs, and Telefonica Brasil seeing gains.
However, stocks such as Magazine Luiza, Alpargatas, and Casas Bahia experienced significant declines.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.39%
168,498.45
+1.39%
70,968.43
-0.17%
10,536.40
+0.68%
2,848,945
—
2,485.26
+0.03%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 168,498.45 | +1.39% | +9.89% | 166,191.45 | 169,073 | 165,910 | — |
| USD/BRL | 5.50 | -0.17% | +2.56% | 5.51 | 5.53 | 5.48 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.36 | -1.28% | +46.28% | 45.95 | 46.11 | 44.96 | 48,070,100 |
| VALE3 | 64.04 | +2.19% | -2.23% | 62.67 | 64.28 | 62.02 | 19,033,100 |
| ITUB4 | 40.53 | +1.40% | +4.03% | 39.97 | 41.01 | 39.87 | 27,994,400 |
| BBDC4 | 14.20 | +3.12% | -24.10% | 13.77 | 14.22 | 13.74 | 45,455,000 |
| BBAS3 | 17.13 | +3.88% | -25.07% | 16.49 | 17.17 | 16.43 | 30,737,600 |
| B3SA3 | 14.39 | +0.21% | +9.85% | 14.36 | 14.58 | 14.11 | 34,510,800 |
| ABEV3 | 15.48 | +0.00% | +18.35% | 15.48 | 15.60 | 15.32 | 29,624,400 |
| WEGE3 | 48.19 | -0.23% | +9.75% | 48.30 | 48.83 | 47.32 | 13,176,900 |
| PRIO3 | 60.48 | -1.72% | +57.25% | 61.54 | 62.57 | 60.01 | 12,597,500 |
| SUZB3 | 53.40 | +2.12% | +9.76% | 52.29 | 53.42 | 50.10 | 13,908,400 |
| RENT3 | 30.29 | +4.20% | -26.39% | 29.07 | 30.53 | 28.18 | 22,414,400 |
| AZZA3 | 14.76 | +4.98% | -47.66% | 14.06 | 15.19 | 13.80 | 4,143,600 |
| CSNA3 | 4.41 | +8.89% | -48.12% | 4.05 | 4.52 | 4.01 | 27,297,200 |
| GGBR4 | 24.15 | +0.67% | +26.31% | 23.99 | 24.52 | 23.86 | 22,736,700 |
| ENEV3 | 26.84 | +1.98% | +40.16% | 26.32 | 26.84 | 26.10 | 7,781,400 |
This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief