Record harvest is also contributing to inject dollars into the Brazilian economy| Photo: Pixabay

This Wednesday (12), the dollar falls again and is being traded below R$ 5.00. At 10:40 am, the American currency was being traded at R$ 4.954. On the previous day (11), the Ptax-type quotation, which reflects a weighted average of the negotiations, closed at R$ 5.0128. The Stock Exchange had a record high of 4.29%, closing at 106,213 points, the best mark since February.

A number of factors are influencing the appreciation of the real against the dollar. The IPCA, official inflation, released this Tuesday came in below expectations. It is the first time since February 2021 that the 12-month cumulative has fallen below the 5% mark. Milder inflation, according to analysts, makes room for the Central Bank to lower the Selic rate, currently at 13.75% per year.

Record harvests would also be contributing to the appreciation of the real. Exporters are performing well and bring a good part of this money to Brazil.

On the external front, China announced that it will continue investing in civil construction, which increases the demand for iron ore. Inflation in the United States, released this Wednesday, came lower than expected: 0.1% in March, which takes the accumulated in 12 months to 5%. The slightest rise in prices could ease interest rates there, which translates into a tendency for the currency of emerging countries to appreciate.