Dollar rises to R$ 5.08 with foreign exchange and repercussions on the framework

The commercial dollar closed this Wednesday (19) sold at R$5.087, up R$0.111 (+2.23%). The quotation operated above R$ 5 throughout the session, until closing at the maximum of the day.

The US currency is at its highest level since March 30, when it closed at R$5.09. With today’s performance, the currency, which fell more than 2% in April, accumulates a drop of just 0.22% in the month. In 2023, the currency drops by 3.66%.

In the stock market, the day was also marked by tensions. The B3 Ibovespa index closed at 103,913 points, down 2.12%. The indicator is at the lowest level since the last day 10.

Internal and external factors contributed to the turmoil in the financial market. In Brazil, investors reacted to the sending of the fiscal framework to Congress. The text brought changes in relation to what was initially announced by the government, such as optional contingencies (fund blockages) and the inclusion of expenses in the list of exceptions not subject to the spending limit, such as spending on precatories (debts with a final court decision).

Abroad, the dollar had another day of highs against the main currencies, after directors of the Federal Reserve (Fed, US Central Bank) said that inflation in the largest economy on the planet remains high and that they will spare no efforts to contain it . In early May, the Fed will hold a new meeting to decide on US basic interest rates. Higher interest rates in advanced economies encourage the outflow of resources from emerging countries, such as Brazil.

Now, the Brazil Agency it is giving the articles about the closure of the financial market only on extraordinary days. The dollar quote and the stock exchange level are no longer reported on a daily basis.