Dollar drops to R$5.67 with Central Bank interventions
On a day of interventions by the Central Bank (BC), the dollar fell for the first time after five consecutive highs, returning to below R$ 5.70. Benefited by the appreciation of commodities (primary goods with international quotations), the stock market rose for the second consecutive day.
The commercial dollar ended this Thursday (16) sold at R$ 5.679, with a retreat of R$ 0.029 (-0.51%). The price reached R$ 5.72 at the maximum of the day, around 12:30 pm, but fell back after the Central Bank sold US$ 830 million in international reserves.
With the action of the BC, the real started to follow the main international currencies, which appreciated against the dollar. This occurred the day after the announcement that the Federal Reserve (Fed, US Central Bank) intends to raise US interest rates three times in 2022.
In the stock market, the stock market rose, driven by commodities . The B3 Ibovespa index closed at 108,326 points, up 0.83%. Products from companies in the iron ore and oil sectors pushed the Brazilian stock market higher. Optimism about the Chinese economy is returning after the local government intervened to ease the impacts of the collapse of real estate companies. The Asian country is the main consumer of Brazilian commodities .
* With information from Reuters
Text translated using artificial intelligence.
