From Reutersi From Reuters https://istoedinheiro.com.br/autor/da-reuters/
04/26/2024 – 17:21
The dollar closed sharply lower against the real this Friday, the 26th, interrupting a series of weekly gains, as North American inflation data in line with expectations brought down Treasury yields. The market saw hopes of an interest rate cut by the Federal Reserve in September after inflation reading within expectations, in addition to a smaller than expected increase in the IPCA-15 in Brazil.
The spot US currency closed down 0.94%, at R$5.1168 on sale, marking the most intense daily devaluation in a week and the lowest closing level since April 11 (R$5. 0908). See the dollar exchange rate today.
Compared to last Friday’s close, the dollar fell 1.58%, interrupting a sequence of four strong consecutive weekly gains, a period in which it had risen around 4%
Meanwhile, the Ibovespa, the reference index for the Brazilian stock market, rose 1.54%, to 126,563.45 points, according to preliminary data, accumulating an increase of 1.15% in the week.
At the day’s high, the Ibovespa reached 126,826.13 points. At the minimum, at 124,650.92 points. The financial volume in the trading session totaled R$16.74 billion before final adjustments.
