Per
Radio Pampa Editorial
| March 18, 2024
The dollar rose this Monday (18) and closed above R$5 for the first time since October. The rise in the US currency marks the beginning of a week of announcements of monetary policy decisions around the world, with emphasis on Brazil and the United States. Ibovespa, the main stock index on the Brazilian stock exchange, B3, ended on a high.
On Wednesday (20), the central banks of both countries decide what their new interest rates will be. The expectation is that, here, the Selic rate will suffer a further reduction, while in the United States interest rates should remain unchanged.
Still in Brazil, investors are also following the release of the Central Bank’s Economic Activity Index (IBC-BR), considered the “preview” of the Gross Domestic Product (GDP). The indicator rose 0.6% in January, compared to the previous month.
At the end of the session, the dollar rose 0.57%, quoted at R$5.0258. As a result, it accumulated increases of:
0.57% in the week;
1.07% in the month;
3.57% in the year.
The Ibovespa ended up 0.17%, at 126,954 points. As a result, he accumulated:
increase of 0.17% in the week;
decline of 1.60% in the month;
and a drop of 5.39% in the year.
