Dollar has a strong rise and closes at R$ 4.93 with data from the United States

The commercial dollar ended this Thursday (6) sold at R$4.93, up R$0.08 (+1.64%). The quotation operated upwards throughout the session, reaching R$ 4.94 at the maximum of the day, around 1:15 pm.

With today’s high, the US currency reached the highest value since June 5, when it also closed short at R$ 4.93. The quotation accumulates high of 2.92% in the first days of June alone. In 2023, the currency drops 6.63%.

In the stock market, the day was also tense. The B3 Ibovespa index closed at 117,426 points, down 1.78%. The indicator operated downwards throughout the day and closed at the lowest level since June 28.

Across the planet, the financial market had a tense day after the release of the news that the US private sector opened 497,000 job openings last month, well above expectations. The performance of the labor market has rekindled expectations that the Federal Reserve (Fed, US Central Bank) may increase basic interest rates in the United States before the end of the year or delay the promised fall for next year.

High interest rates in advanced economies stimulate capital flight from emerging countries, such as Brazil, putting pressure on the dollar and the stock market. In the domestic market, investors reacted to the delay in voting on the tax reform and the delay in voting on projects of interest to the government’s economic area, such as the new fiscal framework and changes in the Administrative Council for Tax Appeals (Carf).

Agência Brasil is only broadcasting articles about the closure of the financial market on extraordinary days. The dollar rate and the stock exchange level are no longer reported on a daily basis.

*With information from Reuters