The North American currency closed the day at R$5.026, up 0.57%; result occurs in the week of the “super 4th” of interest rates
The commercial dollar closed at R$5.026 this Monday (March 18, 2024). It is the first time that the currency has exceeded R$5.00 in almost 6 months. The last time it was above this level was on October 31, 2023. The dollar increased by 0.57% in 1 day, with a nominal variation of In the week, it changed positively by 0.96%.
The result comes in the same week that Brazil and the United States define their basic interest rates. The Central Bank and the FED (Federal Reserve System), the North American monetary authority, will announce the rates on Wednesday (20th March).
Selic (Brazil’s basic interest rate) is 11.25% per year. Read the indicator history:
The base interest rate in the USA is in the range of 5.25% and 5.50% per year:
Ibovespa, B3’s main index, closed up 0.17% at 126,954 points.
In addition to expectations about interest rates, Stock Exchange investors also reflected the result of the IBC-Br (Economic Activity Index of the Central Bank of Brazil), considered a preview of GDP (Gross Domestic Product). The indicator rose 0.6%, the 5th advance in a row.
