North American currency had the biggest appreciation compared to the real since August 2023
The commercial dollar rose 3.53% in April and closed at R$5.19. The North American currency had the biggest monthly variation in relation to the real since August 2023. The Ibovespa, the main index of the B3 (São Paulo Stock Exchange), ended the month at 125,924 points, with a drop of 1.70% in the month.
April was marked by a movement of caution among investors, both in Brazil and around the world. Economic agents adjust their investment portfolios according to the expectation of a delay in interest rate cuts in the United States.
Furthermore, the scenario became more adverse in Brazil with the flexibility of the fiscal framework 7 months after approval. The government changed the primary result target to 2025.
The biggest increase among the indicators in April was the tourism dollar. The currency rose 3.69% in the month, being sold at R$5.40. Other investments had a variation above the IPCA-15 (Extended National Consumer Price Index 15), which measures the preview of inflation. The rate was low in the month, at 0.21%.
Gold (+2.13%), Savings Accounts (+0.49%) and BDRs (Brazilian Depositary Receipt), with + 0.49%, surpassed the index variation.
Read below the types of investments that had negative changes in April:
- Real estate fund index: -0.82%;
- Public bond linked to the IPCA maturing in 2035: -3.15%;
- Renda+ public bond due in 2035: -3.15%;
- Bitcoin: -15.95%.
Around the world, the main global indices also fell in April.
