The relief in long-term interest rates on US Treasury bonds improved the climate in the financial market. The dollar closed the day with a sharp drop and fell below R$5.10 for the second time in the month. The stock market rose for the third time in a row and approached 117 thousand points.
The commercial dollar closed this Tuesday (10) sold at R$ 5.056, with a strong decrease of R$ 0.074 (-1.44%). The price fell throughout the session, until it closed close to the day’s low.
With today’s performance, the US currency is at its lowest value since September 29, when it closed at R$5.02. The currency rose 0.58% in October, but fell 4.24% in 2023.
In the stock market, the day was also marked by recovery. The Ibovespa index, from B3, closed at 117,737 points, up 1.37%. The indicator reached its highest level since September 20, driven by shares of oil companies, mining companies and retailers.
External factors brought relief to the financial market. In the United States, rates on five- and ten-year US Treasury bonds, considered the safest investments on the planet, fell, after reaching their highest levels since 2007 last week. Although recent data point to a warming of the North American economy, the expectation is that the Federal Reserve (Fed, North American Central Bank) should promote a slight increase before the end of the year, without major increases.
In the domestic scenario, the improvement in the International Monetary Fund (IMF) estimate, which raised the growth projection for the Brazilian economy this year to 3.1%, encouraged investors. Although the war between Israel and the Hamas group brings tensions to global geopolitics, investors believe that any effects on the economy will only manifest themselves if the conflict continues.
Agência Brasil is publishing articles about the closure of the financial market only on extraordinary occasions. The dollar rate and the level of the stock exchange are no longer reported every day.
