Dollar closes stable at R$ 5.20, on the day of Lula’s visit to Argentina

Influenced by the external scenario, the financial market had a relatively stable day. The dollar alternated highs and lows, but closed close to the quotation of Friday (20). The stock market had a slight drop, despite the rise in oil. The commercial dollar ended this Monday (23) sold at R$ 5.20, with a decrease of 0.15%. The quotation reached R$5.22 at around 11:30 am, dropped to R$5.16 at around 1:00 pm, but accelerated during the afternoon, until closing stable. With today’s performance, the US currency accumulates a 1.52% drop in 2023. In the stock market, the day was also marked by volatility. The B3 Ibovespa index closed at 111,737 points, down 0.27%. The indicator rose 0.86% around 10:45 am, driven mainly by shares of oil and mining companies, which took advantage of the rise in commodities (primary goods with international quotation). However, the movement was reversed in the afternoon, pressured by bank papers. This Monday, the dollar closed with a slight drop against the main emerging currencies, while it rose against the currencies of advanced economies, such as the euro and the Japanese yen. The international market is waiting for the Federal Reserve meeting (Fed, US Central Bank) on January 31st and February 1st. Investors are divided between an increase of 0.25 percentage points and 0.5 points in basic interest rates in the largest economy on the planet. amidst noises about the creation of a single currency. Yesterday (22), the Financial Times reported that the Argentine government was studying the creation of a single currency in both countries. analyze the viability of a common digital currency, which would serve only for commercial transactions. In the middle of the afternoon, Lula informed that the proposal will take several years to be discussed, which contributed to cancel the rise in the US currency.*With information from Reuters

Agência Brasil