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The dollar jumped 2.04% yesterday, above the level of 3.85 reais, pulled by the outside scene with a strong risk aversion and a decline in turnover, although the central bank acted more strongly in the foreign exchange market.
Among the major emerging countries, Real had the second worst performance against the dollar, losing only with the currency of South Africa.
Main factors to explain the rise, unfavorable external scenario, exit of foreign resources from Brazil and the action of speculators with swap maturities.
British Columbia yesterday auctioned two lines, which is selling the dollar in the spot market with buyout commitments, putting a total of $ 2.425 billion.
The director of a European bank stresses that only the fact that the dollar is already rising abroad – due to the normalization of US monetary policy and trade tension between Washington and from other countries – is already sufficient to keep the trade under pressure here.
He adds that Brazil has great uncertainty with the presidential election, which opens up a space for
For the former Central Bank president and partner of Tendência Consultoria Integrada, Gustavo Loyola, the Monetary authority performance in the exchange rate is correct. "The important thing for British Columbia is to irrigate liquidity in the foreign exchange market, but without generating too much predictability," he says.
"The intervention on the foreign exchange market must always leave risks to those who have positions, or sold," he said. "The performance of the Central Bank was, in general, correct.
Stock Exchange
After three consecutive highs, with 1.90%, the Bovespa index lost its breath and yielded to the New York Stock Exchange and the strong dollar. The main B3 index closed the trading session at 1.11% to 70,609.00 points.
The performance would have been worse without the appreciation of Petrobras shares, which accompanied the rise in oil prices abroad and softened losses here.
Turnover turned out to be higher than expected for a gambling day
The New York Stock Exchange, on the other hand, consolidated the falls in the US. afternoon after finding that the Republican Party did not get the votes needed to approve a reform of immigration bill in the US House of Representatives.
Influenced by oil, the Petrobras action ended the day with gains of 2.70% (ON) and 3.18% (PN). On the other hand, the shares of the financial sector, which is responsible for more than 25% of the Ibovespa portfolio, have fallen into one block. Among them, the highlights were Banco do Brasil ON (-2.06%), Itaúsa PN (-2.97%) and Itaú Unibanco PN (-1.81%).
High interest rates since the opening of business. The rate of the interbank deposit agreement (DI) for January 2019 closed at 6.970%, against 6.929% yesterday in the adjustment, and the ID for January 2020 ended with a rate of 8 , 55%, compared to 8.41% during the previous adjustment. The ID rate for January 2021 rose from 9.39% to 9.55% and the ID rate for January 2023, from 10.91% to 11.02%. / Estadão Content
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