Dollar rises to R$4.90 with fiscal and monetary policies on the radar; Ibovespa operates on the rise

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The North American currency advanced 0.76%, quoted at R$4.9064. Ibovespa reached 125 thousand points in the final stretch of the trading session. Dollar operates high Karolina Grabowska The dollar closed higher this Friday (17), with investors keeping an eye on the country’s fiscal and monetary policies. The session was also marked by the purchase of the North American currency by importers and other market agents, who took advantage of the lower prices. This Friday, the Central Bank Economic Activity Index – Brazil (IBC-Br) for October was also released. The index, which is considered a preview of Brazil’s Gross Domestic Product (GDP), registered a drop of 0.06% last month, while analysts expected a slight increase. Ibovespa, the main stock index on the Brazilian stock exchange, B3, is operating on a high and reaches 125 thousand points, driven by the good performance of Petrobras shares. See the day in the markets below. Understand what makes the dollar rise or fall Dollar The dollar rose 0.76%, quoted at R$4.9064. See more quotes. The previous day, the North American currency closed up 0.17%, after operating lower for much of the day, sold at R$4.8696. With today’s result, it began to accumulate falls of: 0.16% in the week; 2.66% in the month; 7.04% in the year. Ibovespa At around 5:10 pm, Ibovespa rose 0.32%, to 125,038 points. Vale and Petrobras shares rose 0.47% and 3.38%, respectively, following the rise in iron ore and oil. Furthermore, today is also one of the last days for those interested in receiving Petrobras’ next dividends to buy shares in the company, which increases interest in the share. The cutoff date is next Tuesday (21), after a holiday in six Brazilian states. The day before, the index closed up 1.20%, at 124,639 points, the highest level since July 2021. As a result, it began to accumulate increases of: 3.38% in the week; 10.16% in the month; 13.58% in the year. MONEY 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? LDO rapporteur in Congress speaks after meeting with ministers: ‘Government maintained the zero fiscal target’ On a day with an empty agenda in Brazil and the world, investors reflected on the GDP preview numbers. They also kept the latest news on their radar that brought a more positive bias to the markets. The IBC-Br result, which fell 0.06% in September, was the second consecutive drop in the indicator, which fell 0.77% in August. In comparison with September last year, the activity level indicator registered growth of 0.32%, informed the Central Bank. In the first nine months of this year, the IBC-Br increased 2.77% and, in the 12 months up to September, it grew 2.5%. As for the political scenario, the highlight is the confirmation that the government has given up on changing the fiscal target for the year 2024, at least for now. The information was announced by the rapporteur of the Budget Guidelines Law in Congress, deputy Danilo Forte (União-CE), and confirmed by the Minister of Institutional Relations, Alexandre Padilha. The fiscal target foresees that, during the next year, the government can only spend what it collects and what it has in cash, without increasing public debt. The decision to maintain the target gives more time for the Minister of Finance, Fernando Haddad, to process measures in Congress that could increase federal revenue. The domestic market also continues to follow data from Americanas, which yesterday, after several postponements, finally released its results for 2022, revealing a loss of R$12.9 billion for the year. This is the eighth largest loss ever recorded by a publicly traded Brazilian company since 2010, according to a survey by Einar Riveiro. In first place is Vale in 2015, when it recorded a loss of R$44.2 billion after the collapse of dams in Mariana (MG). Petrobras appears in positions of 2nd, 3rd and 6th place, in the years 2015 (R$ 34.8 billion loss), 2014 (21.5 billion) and 2016 (R$ 14.8 billion), respectively , all resulting from the holes highlighted by Lava Jato.

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