Fears of rising interest rates in the United States strengthen the US currency against the real
O dollar had another high day and closed the 4th 6th 0.60% higher at R$5.42, the highest since January 27th (when it was at the same level). At the maximum of the day, the American currency was worth R$5.46. The main factor of the increase was the publication of the minutes of the last meeting of the Assembly Federal Reserve (Fed, Central Bank of the United States). In it, the institution emphasizes that inflation is still a strong concern in the North American country and indicates that the increase in interest rates should continue, by 0.5 percentage points or 0.75 percentage points at the next meeting. Thus, the US currency becomes more attractive and strengthens against others, mainly from developing countries like the real.
already Ibovespamain index i Stock Exchange of Sao Paulo, increased by 0.43% and ended the day at 98718 points, after two sessions of decline. The trading session was characterized by high volatility, with an intraday low of 97,423 points and a high of 99,141 points. Growth was mainly driven by retailers such as Via (13.24%) and Americanas (11.77%) and Vale, which grew by 1% but has a larger weight. On the other hand, the international price of oil has continued to fall, which has affected shares of Petrobras – ordinary shares fell 1.51% and extraordinary shares, 1.28% – and other companies in the sector. In the US, the S&P 500 rose 0.36%, the Dow Jones gained 0.23% and the Nasdaq improved 0.35%.