Dollar falls and stock market rises: the repercussions of the Moody’s agency on Brazil – Estado de Minas

Buoyed by the international scenario and the improved outlook for Brazil’s credit rating, the financial market had a day of relief. The dollar fell sharply and returned to close to R$5.10. The stock market rose almost 1% and recovered 127 thousand points. This Thursday’s result (2/5) would reflect the decision by the risk rating agency Moody’s to raise the outlook for the Brazilian credit rating.

The commercial dollar ended this Thursday sold at R$ 5.113, with a decrease of R$ 0.079 (-1.53%). The price operated lower throughout the session. At the day’s low, around 2:45 p.m., it reached R$5.10, but operated at around R$5.11 in the final hours of trading because investors took the opportunity to buy a cheaper dollar.

The North American currency is at its lowest value since April 11, when it closed at R$5.09. In 2024, the currency accumulates an increase of 5.36%.

In the stock market, the day was marked by gains. B3’s Ibovespa index closed at 127,122 points, up 0.95%. The indicator almost replaced last Tuesday’s losses (30).

Abroad, the global market had a day of relief after the president of the Federal Reserve (Fed, North American Central Bank), Jerome Powell, indicated that a possible delay in the beginning of the interest rate drop in the largest economy on the planet does not mean new increases of fees. This reduced the migration of resources to US Treasury bonds and alleviated pressure on emerging countries, such as Brazil.

In the domestic scenario, investors reflected on the decision of the risk rating agency Moody’s to raise the outlook for the Brazilian credit rating. In the coming months, the agency may improve Brazil’s rating if economic growth and “continuous, albeit gradual, progress” towards rebalancing public accounts stabilize the country’s public debt.

*With information from Reuters