Dollar drops to R$ 4.77 and closes at the lowest value in more than a year

In another day of euphoria in the financial market, the dollar closed again below R$ 4.80 and reached the lowest value in over a year. The stock exchange reached 120,000 points and reached its highest level in eight months. The commercial dollar ended this Monday (19) sold at R$ 4.776, down R$ 0.044 (-0.91%). On a public holiday in the United States, the price started close to stability, but dropped consistently throughout the day. At the low of the session, around 2 pm, it reached R$ 4.76. This is the lowest closing price since May 31 of last year. With this Monday’s performance, the US currency has accumulated a drop of 5.85% in June alone. In 2023, the currency retreats 9.55%. Actions In the stock market, the day was also marked by optimism. The B3 Ibovespa index closed at 119,858 points, up 0.93%. Despite the holiday in the US market, the stock exchange recorded a large inflow of foreign funds. The indicator closed at the highest level since October 21 last year. With no movement of resources in the United States, the financial market was supported by internal factors. Investors are attentive to the vote on the new fiscal framework in the Senate, scheduled to take place on Wednesday (21) and to this week’s meeting of the Monetary Policy Committee (Copom) of the Central Bank. According to the latest edition of the Focus bulletin, a weekly survey of financial institutions released by the Central Bank, market analysts anticipated, from September to August, the beginning of cuts in the Selic rate (basic interest rates). Lower rates encourage investments in the stock market, favoring the stock exchange. *With information from Reuters

Agência Brasil