Dollar today: currency opens Thursday (29) at a sharp rise, quoted at R$ 4.85

The rise in the dollar still reflects the release of the Copom minutes, which signals a future interest rate cut in Brazil. The possible drop in interest rates is accompanied by the announcement of lower inflation, which reinforces that the Selic, the economy’s basic interest rate, will be at lower levels in the future.

As a result, there will be less distance between Brazilian and American interest rates. This means that the investor will prefer to invest in US public debt securities, with more security. The dollar exit from the country can be felt yesterday and the currency opened higher.

In addition, speeches by the US president in Congress reflect expectations of high interest rates in the US country, which values ​​the foreign currency against the real.

O euro also followed the upward trend and started the day quoted at BRL 5.29 for buying and selling, according to data from the European Central Bank. The high is 0.85%.

already the Ibovespa continues down 0.72% and reaches the lowest level since June 12 of this year. This is the fifth trading session followed by the index in the red. The index moves away from the 120,000 points it was at last week and opens Thursday at 116,681 points. The decrease is due to the release of the Copom minutes and the investor’s preference to invest in fixed income, with interest at 13.75%.

High interest rates offer a more viable and safer way to profit from government bonds instead of stocks. For this reason, they are the preferred alternative for investors, as the Stock Exchange is more volatile, that is, it fluctuates more and may have more uncertainties.

Vale shares (VALE3) fell by 2.80% to R$64.96. The perspective of high interest rates in the United States also negatively influences the Brazilian and American stock exchanges, generating a more negative “mood” in foreign markets.