The American currency appreciated by 0.87%. (Photo: Freepik)
The dollar closed again above R$5. The Ibovespa retreated this Monday (1st) with new fears of a postponement of the interest rate cut in the United States after data indicated resilience of the largest economy in the world.
The American currency registered an appreciation of 0.87%, quoted at R$5.059, after having touched a minimum of R$5.0093 and reached R$5.0704 at the day’s maximum.
The price is just below the R$5.089 at the close of October 13, 2023. In other words, it is the highest level of the American currency in almost six months.
While the main domestic market index closed with a loss of 0.87%, at 126,990 points, with strong pressure from the fall in the financial sector and continued bad mood on Wall Street.
The appreciation was supported by the perception that the United States economy is even stronger than expected, which raises doubts about the path of inflation and, consequently, interest rates in the country.
The market began to see less chance of the Federal Reserve (Fed, the US Central Bank) cutting interest rates from June onwards after new data showed strength in activities.
During the session, the real also showed weakness against the commercial euro, which increased by 0.45%, to R$5.4344.
