The dollar recorded a drop of 0.22%, quoted at R$5.42, this Monday (8/12). As the variation was small, this in practice indicates the stability of the American currency against the real. Ibovespa, the main index of the Brazilian Stock Exchange (B3), was up 0.73, at 158,516.82 points, at 4:45 p.m.
With these results, the foreign exchange and capital markets have recovered, albeit partially, from the blow recorded on Friday (12/05). At the time, the Ibovespa fell 4.31% and the dollar rose 2.31%, quoted at R$5.43, the highest value since October 16.
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On Friday, investors reacted negatively to the announcement of the possible candidacy of Senator Flávio Bolsonaro (PL) for the presidency of the Republic. The name was suggested by former President Jair Bolsonaro, imprisoned in the Federal Police (PF) prison in Brasilia. The news was announced by columnist Paulo Cappelli, from Metropoles.
In the opinion of Bruno Shahini, investment specialist at Nomad, the dollar fell on Monday, under the effect of three vectors. One of them was the technical correction after Friday’s peak.
Withdrawal possible
Furthermore, for the analyst, this Monday the electoral picture changed with the “political relief” (from the market point of view), caused by the “signal of a possible withdrawal of the senator (from the Planalto candidacy), which led to the dismantling of part of the risk premium added to the exchange rate”.
The third factor in the fall of the American currency, notes Shahini, was the more favorable external environment, marked by the expectation of a reduction in interest rates by the Federal Reserve (Fed, the central bank of the United States) this Wednesday. This context reduced the attractiveness of American debt securities, Treasuries, and weakened the dollar against other currencies at the start of the day.
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