On a day of relief in the global financial market, the dollar closed below R$5.60, influenced by the release of data indicating a drop in job creation in the United States. The Brazilian stock market rose for the second day in a row, amid expectations that US interest rates will be reduced.
The commercial dollar closed this Thursday (5) being sold at R$5.571, with a drop of R$0.069 (-1.22%). The price fell throughout the trading session, closing at the lowest value of the day.
This week, the US currency has accumulated a depreciation of 1.1%. However, in the accumulated total for 2024, the dollar still records an increase of 14.79%.
The stock market was also filled with relief. The Ibovespa index, the main indicator of B3, rose 0.29%, closing at 136,502 points. Despite the fall in mining stocks due to the slowdown in the Chinese economy, the expectation of a reduction in interest rates in the United States in September sustained the stock market’s advance.
In August, the US private sector created 99,000 jobs, the fewest since January 2021.
The slowdown in the U.S. labor market increases the chances that the Federal Reserve will cut interest rates by 0.5 percentage points in September, instead of the 0.25 percentage points previously expected. Lower interest rates in developed economies encourage capital migration to emerging markets, such as Brazil.
Source: https://www.ocafezinho.com/2024/09/06/dolar-cai-abaixo-de-r-560-com-expectativa-de-corte-nos-juros-dos-eua/
