After reducing the Selic, the dollar rises by almost 2% and approaches R$ 4.90

One day after the Copom reduced the Selic rate by 0.5%, the dollar rose sharply and approached R$4.90, also motivated by the performance abroad. The stock market alternated highs and lows, but closed in a slight fall.

The commercial dollar ended this Thursday (3) sold at BRL 4.899, up by BRL 0.093 (+1.94%). The price rose throughout the day. After operating between BRL 4.87 and BRL 4.88, the currency accelerated its rise in the final hour of trading.

This is the highest level for the US currency since July 6, when it closed at R$4.93. The currency accumulates an increase of 3.57% in the first days of August alone, but drops 7.22% in 2023.

In the stock market, the day was marked by oscillations. The B3 Ibovespa index closed at 120,586 points, down 0.23%. This was the third day in a row of the indicator falling.

Abroad, the dollar was stable against the currencies of developed countries, but rose against the currencies of emerging countries. Interest rates on US Treasury bonds, considered the safest investments on the planet, rose sharply, attracting financial flows to the United States, to the detriment of emerging economies.