Dollar passes R $ 4.36 and renews record since creation of the real

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In yet another day of fluctuations in the exchange rate, the dollar rose again and closed again at the highest nominal value since the creation of the real. On Wednesday (19), the commercial dollar ended the session selling at R $ 4.366, up R $ 0.008 (+ 0.18%).

It was the third consecutive day of appreciation of the currency, which operated high throughout the session. The price operated at a strong increase at the beginning of the business, reaching R $ 4.38 at the maximum of the day, around 12.10 pm. The exchange rate, however, decelerated throughout the session, until closing close to stability. Since the beginning of the year, the dollar has appreciated 8.8%.

The Central Bank (BC) did not take any further steps to secure the quote. Today, the monetary authority auctioned $ 650 million to roll over (renew) contracts for swap exchange rate – equivalent to the sale of dollars in the futures market – maturing in April. The auction is part of the $ 13 billion rollover of swap that would expire in two months.

In the stock market, the day was marked by recovery. After a small drop yesterday (18), the Ibovespa index, of B3 (former São Paulo Stock Exchange), closed this Wednesday at 116,518 points, up 1.34%.

In recent weeks, the financial market worldwide has been experiencing turbulence amid fears of the impact of coronavirus on the global economy. The interruption of production in various industries in China is affecting international production chains. Industries from several countries, including Brazil, suffer from the lack of raw material to manufacture and assemble products.

The slowdown in China may also make the Asian country consume less inputs, minerals and Brazilian agricultural products. An eventual reduction in exports to Brazil’s main trading partner reduces the inflow of dollars, putting pressure on prices.

Among the domestic factors that have caused the dollar to appreciate, is the recent decision by the Central Bank’s Monetary Policy Committee (Copom) to reduce the Selic rate – basic interest – to 4.25% per year, the lowest level in history. Lower interest rates discourage the entry of foreign capital into Brazil, also pulling the price up.





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