See the dollar exchange rate today – 08/14/2023 – Market

The dollar opened at a high of 0.33% this Monday (14) after registering appreciation in the last week, favored by an environment of risk aversion abroad.

At 9:22 am, the currency was quoted at R$ 4.9206. On B3, the dollar futures contract for the first month rose 0.26% to R$4.9370.

Investors in Brazil are echoing the release of the IBC-Br, an indicator of Brazilian economic activity made by the Central Bank, which recorded an increase of 0.63% in June compared to May. Another factor was the release of the Focus bulletin, which projected GDP growth in 2023 and less inflation for 2024. Abroad, the market is awaiting economic data from China, still concerned about the country’s economic slowdown.

On Friday (11), the Ibovespa fell by 0.24%, to 118,065 points, with shares with an important weight in the index falling – Petrobras’ shares fell by 0.39%, while Vale’s dropped by 0.80 %. In the accumulated result for the week, the index fell by 1.2%.

The last time the Ibovespa retreated for nine consecutive sessions was in February 1995. More than that, only between the end of January and the beginning of February 1984, when it closed down for 11 consecutive sessions, according to data from Refinitiv .

The dollar ended Friday quoted at R$4.906, up 0.48%. In the week, the American currency accumulates appreciation of 0.64%.

Economist at Guide Investimentos, Rafael Pacheco says that the performance is a reflection of a more negative external scenario, after higher-than-expected inflation data in the United States. The US producer price index rose 0.3% in July, while economists had expected a 0.2% rise.

The above-expected high brings back investors’ fears that the Fed (Federal Reserve, US central bank) opts for a more restrictive monetary policy, keeping interest rates at a high level for longer, says Pacheco.

On the American stock exchanges, the index that brings together Nasdaq technology companies, which are the ones that suffer most from high interest rates, closed down 0.68%. The S&P 500 was down 0.11%, while the Dow Jones recorded gains of 0.30%.

With Reuters