On Thursday, the dollar rose 1.54%, quoted at 4.651 for sale. At the highest point of the day, it reached R$ 4.67.
Operating for the 12th consecutive session on the rise, the dollar reached the level of R$ 4.60 at the opening on Thursday (5). Even in the face of a scenario of expected interest rate cuts due to the economic effects of the coronavirus. On March 17 and 18, the Central Bank's Monetary Policy Committee will meet to deliberate on interest rates, which are currently at a record low of 4.25% per year.
The tourist dollar was trading at R$ 4.8582 without considering the IOF (Tax on Financial Transactions). And in currency exchanges, it was being traded above R$ 5.07 for purchases made with prepaid cards. The previous day, the dollar closed the session up 1.51%, at R$ 4.5790, a new nominal closing record (without considering inflation). The accumulated increase for the year is now over 15%.
Dollar rises despite BC intervention
After another day of tension in the financial market, the dollar rose and once again broke its nominal record since the creation of the real. Not even the interventions of the Central Bank were able to hold the price down. The stock market fell almost 5% and had its biggest daily drop in a week.
Since the beginning of the year, the dollar has already appreciated by 15.9%. The commercial euro also broke a nominal record and closed at 5.198, up 1.8%. In 2020, the real became the currency that depreciated the most in the world.
If the Central Bank had not intervened, the exchange rate could have been higher. The monetary authority auctioned US$1.4 billion in new contracts for swap exchange rate, which is equivalent to the sale of dollars in the futures market. The Central Bank held an auction in the morning and one in the afternoon. In the early evening, the Bank announced that it will auction another US$1.4 billion in futures contracts. swap this Friday (6).
The day on the stock market was also marked by tensions. The Ibovespa index, from B3, closed the day at 102,233 points, down 4.65%. This was the biggest daily drop since the 26th, when the index fell 7%.