Dollar falls 0.42% and closes at R$5.56 with focus on fiscal package

The dollar closed lower this Wednesday (11), and the Brazilian stock market advanced, in a session marked by the repercussion of the government's fiscal adjustment package and the positive performance of international markets.

The US currency fell by around 0.4%, to R$5.56, while the Ibovespa rose in the same proportion, to 172 thousand points. Abroad, oil also advanced, with tensions between the United States and Iran on investors' radar.

Numbers of the day

Commercial dollar: R$ 5.5628 (-0.42%);

Ibovespa: 172,060.44 points (+0.42%)

Volume traded on the Stock Exchange: R$28.5 billion

Global Dollar (DXY): 102,890 points (+0.67%)

Brent oil: US$92.76 (+1.39%)

WTI oil: US$86.53 (+0.57%).

Exchange

The dollar ended the session down 0.42%, quoted at R$5.5628. The movement was influenced by a correction following the strong appreciation of the Brazilian currency recorded the day before and by the repercussion of fiscal measures announced by the government.

The Minister of Planning, Bruno Moretti, stated that the package presented to Congress could generate a fiscal impact of R$50 billion to R$60 billion in 2027. Among the proposals is the possibility of additional blocks in the Budget, limiting the real growth of expenses to 2%, below the 2.5% ceiling foreseen in the fiscal framework.

The appreciation of oil on the international market also contributed to the performance of the real. Abroad, however, the DXY index, which measures the dollar's performance against a basket of six currencies, advanced 0.67%, to 102,890 points.

Ibovespa advances

The Ibovespa closed up 0.42%, at 172,060.44 points, following the positive performance of the New York stock exchanges and reflecting the news about the Brazilian fiscal package.

During the trading session, the main index of the Brazilian Stock Exchange fluctuated between a minimum of 171,335.20 points and a maximum of 172,986.66 points. The financial volume traded totaled R$28.5 billion.

Among the corporate highlights, the shares of Luiza retailers once again registered strong appreciation. In the opposite direction, Petrobras shares, with greater weight in the Ibovespa, limited the index's gains after the company released third-quarter results below analysts' estimates, despite the 21.5% growth in earnings.

Petrobras' preferred shares (with preference in the distribution of dividends) fell 3.11%. Ordinary shares (voting at shareholders' meetings) fell 2.08%.

Oil rises

Oil futures closed higher, driven by increased geopolitical tensions between the United States and Iran.

A reference for international negotiations, the Brent barrel for January advanced 1.39%, and ended the session quoted at US$92.76.

WTI oil, a reference in the United States, for December rose 0.57%, to US$ 86.53 per barrel.

The rise gained momentum after Iranian authorities said the country would not hand over its enriched uranium to the United States, one of Washington's demands to end the conflict. Tehran has also threatened to target American military bases in Europe if they are used in operations against Iran.

* with information from Reuters