In another day of nervousness in the international market, the dollar had a strong rise and touched R$5. The stock exchange fell to the lowest level in a month and ended the week with losses of more than 5%.
The commercial dollar ended this Friday (10th) sold at R$4.986, up by R$0.073 (+1.49%). The price operated on a high throughout the day, reaching R$ 5.01 at the highest of the session, around 11:30 am.
The US currency reached its highest value since May 16, when it had closed at R$5.052. Just this week, the dollar rose 4.39%. The currency accumulates a high of 4.9% in June, but falls 10.58% in 2022.
The stock market also had a turbulent day. The B3 Ibovespa index closed at 105,481 points, down 1.51%. The indicator is at its lowest level since May 11. This week, the index fell 5.06%, the biggest weekly low since last October.
The dollar rose and stock markets fell across the planet after the release of US inflation data. The US Consumer Price Index reached 1% in May. In 12 months, the indicator reaches 8.6% and is at the highest level since 1981, pressured by fuel prices in the midst of the war between Russia and Ukraine.
Higher prices in the United States raise expectations that the Federal Reserve (Fed, US Central Bank) will tighten its policy of raising interest rates. Higher rates in advanced economies encourage the flight of resources from emerging countries such as Brazil.
US stocks also fell sharply on Friday. The Dow Jones Industrial Companies Index fell 2.73%. The Nasdaq of technology companies fell 3.52%. The S&P 500, of the top 500 companies, was down 2.91%. When stock markets fall in developed countries, investors withdraw funds from Brazil to cover losses abroad.
*With information from Reuters