Influenced by external factors and the meeting of the Monetary Policy Committee (Copom), the financial market experienced a day of recovery. The dollar approached R$ 5.40. The stock market closed practically stable, exceeding 159,000 points.
The commercial dollar closed this Thursday (11) sold at R$ 5.404, with a drop of R$ 0.064 (-1.17%). The exchange rate started the day higher, but reversed the movement during the morning. At the day’s low, around 4 pm, it reached R$ 5.39.
Related news:
- In its last meeting of the year, Copom decides whether to maintain the Selic rate.
- Passengers at Congonhas airport report fatigue and lack of support from airlines.
- Businesses lose over R$ 50 million due to power outages in São Paulo.
Despite Thursday’s sharp drop, the US dollar has risen 1.29% in December. By 2025, the currency is projected to fall 12.56%.
The stock market had a more volatile day. After rising 0.48% at 1:52 PM, the Ibovespa index, from B3, lost strength in the final hours of trading and closed the day at 159,189 points, with an increase of only 0.07% . Mining company stocks prevented the stock market from falling.
Both internal and external factors influenced the market. In Brazil, the harsh tone of the Copom meeting statement , which did not specify whether the Central Bank intends to begin cutting interest rates in January, stimulated the inflow of dollars.
Among international factors, investors took advantage of the difference between the Selic rate, maintained at 15% per year, and the basic interest rates in the United States, reduced by 0.25 percentage points by the Federal Reserve (Fed, the country’s Central Bank), to 3.5% to 3.75% per year.
Higher interest rates in Brazil and lower rates in advanced economies encourage capital flows to the Brazilian market, reducing pressure on the dollar and the stock market.
*with information from Reuters
