Dollar opens higher, in another day of risk aversion

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The day before, the US currency fell 0.01%, to R$5.1524. The main B3 index, in turn, rose 0.17%, to 113,607 points. Dollar banknotes bearfotos/Freepik The dollar opened higher this Thursday (5), resuming the greater aversion to risks that has taken over the markets in recent days. There is widespread concern that the United States is close to experiencing an economic recession, which could affect the entire world – and so investors are flocking to the American currency, considered the safest in the world. See the day in the markets below. Dollar At 9:20 am, the US currency rose 0.51%, quoted at R$5.1787. See more quotes. The previous day, the dollar closed down 0.01%, quoted at R$5.1524, after fluctuating a lot throughout the day. As a result, the currency began to accumulate: increases of 2.50% in the week and month; drop of 2.38% in the year. Ibovespa Ibovespa only starts operating at 10am. The day before, the index closed slightly up 0.17%, at 113,607 points, in a slight recovery after a series of strong falls. As a result, the index began to accumulate: drops of 2.54% in the week and month; increase of 3.53% in the year. READ ALSO CASH OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? What’s moving the markets? The strength of the dollar against other currencies and the weakness of the stock markets in recent days are due to a common point: the increase in interest rates in the United States. According to Reuters news agency, the real yield on 10-year US Treasury bonds – which measures how much investors can earn on government bonds after inflation is discounted – reached 2.47% on Tuesday (3), the highest value in almost 15 years, according to data from the Treasury Department. As these bonds are seen as the safest in the world, when they appreciate in value, there is a global tendency for investors to migrate, leaving risky assets and looking for the American Treasury. Last Wednesday (4), the appreciation of the dollar against other currencies even gave way a little, due to a jobs report from ADP, which presented a smaller number of vacancies than expected by the market. As much as it may seem like bad news, investors see a weaker job market positively in times of high inflation – since, the more jobs, the more money in the hands of the population and the more difficult it is for authorities to control the rise in prices. . In this sense, with persistent inflation, the Federal Reserve (Fed, the American central bank) should maintain interest rates in the country – currently between 5.25% and 5.50% per year – at a high level for longer. Now, there is a strong expectation for other labor market data from the largest economy in the world scheduled for this Friday (6), which keeps the market more cautious in this session. Investors are also awaiting statements from Fed members throughout the day, in the hope that they will bring signals about the future of interest rates in the country.

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