Follow the dollar exchange rate today (28) and the Stock Exchange session – 12/28/2023 – Market

The dollar opened falling this Thursday (28) with the market awaiting the measures that will be announced by the Minister of Finance, Fernando Haddad, to seek an increase in federal revenue and reduce the deficit in public accounts.

The currency was being sold at R$4.8260 at 9:03 am (Brasília time), a decrease of 0.14% compared to the previous day.

On Wednesday (27), the dollar interrupted a sequence of three sessions of declines and ended the day with a slight increase against the real, quoted at R$ 4.8326 on sale, an appreciation of 0.21%. In December, the US currency accumulated a drop of 1.68%.

The Ibovespa closed up 0.50% this Wednesday, renewing historic highs, in a session marked by low liquidity and a decline in ten-year Treasuries.

The Bovespa index surpassed 134 thousand points, setting a new nominal record on a day with fewer indicators and lower trading volume.

On Friday (22), the main stock market index had already renewed its historic high. In real terms, however, the record is a long way off.

If inflation is considered, the Ibovespa peak would be 177,098 points, when corrected by the current IPCA, and 212,305 points, when corrected by the IGP-M, both reached in May 2008, before the financial crisis. The calculations are from Economatica.

The main indices on Wall Street also closed Wednesday in the black.

In addition to the announcement of government measures, the market should also reflect the IGP-M of December, by FGV (Fundação Getulio Vargas), and the IPCA-15 of the same month, by IBGE (Brazilian Institute of Geography and Statistics), which were released this Thursday morning.

The perception among agents is that the dollar still has room to continue to yield against the real at the turn of 2023 to 2024.

“There is a huge trade flow arriving in Brazil, more than US$20 billion in the short term, even though the Central Bank is not even holding the traditional line auctions at the end of the year”, pointed out Paulo Gala, chief economist at Banco Master, in analysis sent to customers.

_{With information from Reuters}