The occupation of Ukraine by Russian forces made the financial market a day of global tension. And the dollar, which closed yesterday (23) 5 dollars, recorded its highest daily level since September last year. The stock market fell 2.5%, but recovered by the end of the session and closed slightly lower.
The trading dollar closed on Thursday (24) sold at 5.105 Brazilian real, up by 0.101 Brazilian real (+2.02%). At the worst moment of the day, around 3 pm, the price reached 5.15 Brazilian riyals, but the rise lost its strength in the final hours of negotiations, after US President Joe Biden’s statements that the Russian military attack is unfolding as the United States predicted. .
Despite today’s high, the US currency recorded a decline of 3.79% in February. In 2022, the currency fell by 8.45%.
It was a more volatile stock market day. The B3 Ibovespa index closed at 111,592 points, down 0.37%. During the afternoon, the index fell to 109 thousand points, but recovered due to the rise in commodity prices (commodities at international prices), which was reflected in the rise in shares of mining companies.
In general, the increase in commodity prices helped to protect the financial markets of emerging countries from external turmoil. In addition, rising interest rates in many emerging economies are encouraging an influx of foreign inflows, with investors wanting to invest in riskier markets. Currently, the Selic (the basic interest rate in the economy) is at 10.75% annually, the highest level since July 2017.