Dollar drops to R$ 5 and closes at the lowest value in ten months

The commercial dollar ended this Tuesday (11) sold at BRL 5, down by BRL 0.058 (-1.15%). The price opened close to stability, but plummeted after the release of the inflation in Brazil in March. At the low of the day, around 11:20 am, it reached R$ 4.99.

At the lowest level since June 10 last year, the dollar has accumulated a 1.36% drop in April. In 2023, the decline reaches 5.3%. On February 2, the US currency was traded at R$ 4.94 during the session, but closed at R$ 5.04 that day after investors took advantage of the low to buy currencies.

In the stock market, the day was also marked by strong gains. The B3 Ibovespa index closed at 106,214 points, up 4.29%. That was the biggest daily rise since October 3, the day after the first round of presidential elections. The indicator closed at the highest level since March 8.

Inflation slows down

Internal and international factors contributed to gains in the financial market. In Brazil, the disclosure that the Extended National Consumer Price Index (IPCA) decelerated in March encouraged investors. For the first time in two years, the accumulated inflation in 12 months was below 5%.

Lower inflation increases the possibility of the Central Bank (BC) anticipating the fall of the Selic Rate (basic interest rate of the economy). Investors are also waiting for the project of the new fiscal framework to be sent to Congress.

Abroad, stock exchanges closed with mixed results, with expectations of the release of inflation in the United States. If the indicator slows down, there is a possibility that the Federal Reserve (Fed, US Central Bank) will stop raising interest rates in the largest economy on the planet ahead of schedule.

Now, the Brazil Agency it publishes articles on the closing of the financial market only on extraordinary days. The dollar rate and the stock exchange level are no longer reported on a daily basis.