Dollar drops to R$ 5.16 and closes at the lowest value in 20 days

The commercial dollar ended this Wednesday (28) sold at R$ 5.165, down R$ 0.042 (-0.8%). The price came to operate close to stability at certain times of the day, but consolidated the downward trend as of the opening of the North American market.

The US currency is at its lowest value since the last 9th, when it was worth R$ 5.14. The currency has accumulated a drop of 1.15% in March and 2.18% in 2023. Since last Thursday (23), when it reached R$5.29, the dollar has accumulated a drop of 2.35%.

In the stock market, the day was marked by recovery. The B3 Ibovespa index closed at 101,185 points, up 1.52%. This was the third consecutive day of growth and the first time since last Wednesday (22) that the indicator surpassed 100 thousand points.

After a series of tensions in recent weeks, the global financial market is experiencing moments of relief after the sale of banks that faced recent liquidity problems. After the sale of Credit Suisse to UBS, two US banks, First Republican Bank and Silicon Valley Bank were bought by other financial institutions.

In Brazil, investors also echoed the disclosure of the minutes of the Monetary Policy Committee (Copom) meeting, in which the Central Bank (BC) did not rule out the possibility of interest rate hikes if inflation is not contained. The body, however, informed that the submission of the fiscal framework could reduce uncertainties, provided that the new rules have “credible parameters”.

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 every day.