The dollar rose at the start of trading this Wednesday, 26th, quoted at R$ 4.4120, amid post-carnival adjustments, which suffered strong losses due to the spread of the coronavirus outside China.
As if the American currency reached R$ 4.4420 and at 2:06 pm it was up 1.10%, quoted at R$ 4.4410.
The drop in oil prices, the confirmation of the first case of coronavirus in Brazil and the political risk in the country increase market caution.
That in negotiations
Abroad, markets were severely shaken by the spread of the coronavirus outside China, with falls of between 6% and 7% on the main stock exchanges.
ADRs (share receipts of Brazilian companies traded in New York) of companies such as Petrobras and Vale have accumulated a drop of more than 8% in the last two sessions.
Since even before the opening of the trading session, at 1 pm this Wednesday, the BC announced an auction from 1:30 pm to 1:40 pm with a high dollar value.
Thus the value of up to 10,000 foreign exchange swap contracts, for a total of US$$ 500 million.
The Ibovespa started the day with a sharp drop, losing almost 5.7 thousand points from its low (108,008.17 points).
Thus, Friday's close (down 0.79%, to 113,681.42 points), around 6%, when B3 was closed.
At 2:06 p.m., the index was down 5.40%, at 107,537.33 points, with a generalized decline in the portfolio, despite the rise in New York.
Shares have strong devaluation
Risk aversion in the market with the spread of the coronavirus and adjustments to the decline in Brazilian company shares (ADRs) in New York.
However, on Monday and Tuesday, airline stocks suffered: Azul PN fell 9.47% and Gol PN declined 7.78%. Vale ON and Petrobrás lost around 7%.
The food sector also suffered losses. JBS ON entered the auction after falling 6.54%. Marfrig ON fell 4.29%, while BRF ON fell 3.59%. Outside the index, Minerva ON fell 4.31%.