O dollar rose 0.22%, quoted at R$ 5.165, around 9:15 am this Tuesday (6), favored by the continuity of risk aversion among investors, who are looking for safer assets amid concerns about the external scenario and before the September 7th holiday in Brazil.
The market continues to monitor the developments of the natural gas supply crisis at Europe , with Russia suspending the shipment of the product through its main pipeline on the continent. Fears involve a risk of recession in the region as winter approaches, increasing demand for gas.
O central bank will hold an auction of up to 15 thousand traditional foreign exchange swap contracts in this trading session for the purpose of rolling over the maturity date of October 3, 2022.
On Monday (5), the dollar had a decline of 0.64%, to R$ 5.153. already the Ibovespa recorded an increase of 1.21%, quoted at 112,203.35 points.
overall feeling
Investors’ global risk aversion, triggered by fears about a possible generalized economic slowdown due to a series of interest rate hikes around the world to contain record levels of inflation, has varied in intensity depending on expectations about the cycle of interest rate hikes in United States .
The process of raising the US rate continued in July with a new increase of 0.75 percentage point. However, the Federal Reserve signaled that it could make smaller increases as the country’s economy already shows signs of deceleration, seeking to avoid a recession.
Higher interest rates in the United States attract investments for the country’s fixed income due to its high security and favor the dollar, but harm markets and stock exchanges around the world, including the North American ones.
Investors also monitor the state of the economy in China , which also shows signs of a slowdown linked to a series of lockdowns in relevant cities. The expectation is that the Chinese government will intensify an effort to stimulate the economy, while facing difficulties to reverse a situation of low consumption by the population, which impacts the country’s demand for commodities.
Even so, the Ibovespa and the real found room for recovery with an improvement in the mood of the market, supported by the positive outlook for commodities, a stronger domestic economic scenario and a reduction in the perception of risks in relation to the elections. The scenario, however, may change depending on the degree of risk aversion abroad.
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*With information from Reuters
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
