The dollar opened slightly lower during the early trading on Wednesday (5). At 9:06 am, the spot currency was down 0.23%, at R$ 5.272 in sales.
The opening goes against the rise of the American currency abroad, after registering its highest closing value in Brazil in over a year.Investors continue to assess the situation of the American economy to align bets on the future of the country’s interest rate policy.
On Wednesday, secondary data will be released, while the market awaits the significant non-farm payrolls report, scheduled for Friday (7).In Europe, the expectation is on a new monetary policy decision by the ECB (European Central Bank), which takes place this week.
Tuesday (4), the dollar rose 0.95% and closed the day at R$ 5.285, in a session marked by a sharp decline in commodities, which penalized currencies of exporting countries, such as Brazil.
With this value, the American currency reached its highest level against the real since March 2023.Iron ore hit its lowest level in seven weeks due to signs of weakening demand in China, the world’s largest importer of the commodity.
Meanwhile, the Brent crude oil barrel registered a 1% drop in the late afternoon, marking its lowest value since January, after OPEC+ (Organization of the Petroleum Exporting Countries and allies) signaled that it will withdraw its supply cuts from October.
Uncertainties about the United States economy, which generate fears about the future of the country’s interest rate policy, also continue to weigh on the market and work against the real.
In the Brazilian stock market, the day saw a decline, precisely due to the pressure of commodity-related stocks, especially Vale and Petrobras, the two heaviest weights in its composition.As a result, the Ibovespa fell by 0.18%, to 121,802 points, according to preliminary data. Vale and Petrobras retreated by 1.01% and 1.11%, respectively.
