On a day of pessimism in the international market, the dollar rose sharply and closed above R$4.80 for the first time in almost two weeks. The stock market fell for the third consecutive time, in a moment of correction of the recent highs. The commercial dollar ended this Wednesday (28) sold at R$4.848, up R$0.049 (+1.02%). The price operated high throughout the session. At the maximum of the day, around 9:50 am, it reached R$ 4.87. The currency closed above R$4.80 for the first time since June 16. Even with today’s high, the currency is down 4.43% in June and 8.18% in 2023. In the stock market, the day was also turbulent. The B3 Ibovespa index closed at 116,681 points, down 0.72%. The indicator reached the lowest level since June 7, driven by retailers, mining companies and banks. Across the planet, the financial market had a day of pessimism, after the presidents of the Federal Reserve (Fed), North American Central Bank, Jerome Powell, and of the European Central Bank, Christine Lagarde, stated that new interest rate increases in the United States United States and in the Eurozone are possible. Higher interest rates in advanced economies encourage capital flight from emerging countries such as Brazil. In Brazil, investors are awaiting the meeting of the National Monetary Council (CMN) this Thursday (29), in which the 2026 inflation target will be decided, with the possibility of revising the targets for 2023, 2024 and 2025. goals, the Brazilian Central Bank sets the Selic rate, the economy’s basic interest rate. Agência Brasil is only broadcasting articles about the closure of the financial market on extraordinary days. The dollar rate and the stock exchange level are no longer reported on a daily basis. *with information from Reuters
Agência Brasil
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