Dollar rises 0.74% and closes above R$5 again

Upon returning from the holiday, the dollar closed higher, and the stock market retreated after last week's records. The US currency returned to above R$5, despite the fall abroad.

The Brazilian stock market fell 1.04%, pressured by adjustments after historic highs and the electoral scenario. In the international market, oil closed without direction, with the international barrel falling and the United States barrel ending higher.

Numbers of the day

Cash dollar: R$5.023, (+0.74%)

Ibovespa: 206,887.52 points (-1.04%)

Brent oil: US$105.69 per barrel (-0.9%)

WTI oil: US$94.14 per barrel (-0.43%).

Dollar on the rise

The commercial dollar ended the session with an appreciation of 0.74%, quoted at R$5.023. Even with the rise, the US currency accumulates a drop of 8.50% in 2026.

The currency advanced in the Brazilian market, despite the opposite movement abroad. The dollar index, which measures the performance of the US currency against a basket of six currencies, fell 0.34%, to 102.190 points, at 5:05 pm.

In Brazil, investors followed the electoral polls released throughout the day, in the midst of the presidential dispute. The scenario contributed to movements in the foreign exchange market.

At the end of the morning, the Central Bank canceled the regular currency swap rollover auction (sale of dollars on the futures market) that would offer 50 thousand contracts expiring on November 3rd. The cancellation occurred due to a technical problem.

Ibovespa retreats

The Ibovespa closed down 1.04%, at 206,887.52 points, after oscillating between a minimum of 206,146.15 points and a maximum of 209,071.98 points. The financial volume traded in the session totaled R$45.63 billion.

The trading session was marked by adjustments in investors' positions after the index reached historic records in the previous week, when it surpassed the 209 thousand points mark.

In addition to profit taking (selling profits to pocket recent gains), the market followed the electoral scenario and the performance of international stock exchanges.

In New York, the main indices had a cautious day, with losses in shares of semiconductor companies and repercussions of the quarterly results of large North American banks. The S&P 500, of the 500 largest companies, ended the day down 0.02%.

Oil without a single direction

Oil futures closed in opposite directions on Tuesday, as investors weighed the prospects for increased Russian supply and geopolitical tensions in the Middle East.

A reference for international negotiations, Brent oil for December fell 0.9% and ended the session at US$105.69 per barrel.

WTI oil for November, traded in the United States, rose 0.43% to US$94.14 per barrel.

The commodity fluctuated after three consecutive high sessions. On the international scene, investors followed the prospects for Russian oil supply, developments in the war between Russia and Ukraine and tensions involving Saudi Arabia and the Houthi rebels in Yemen.

In a monthly report released this Tuesday, the Organization of the Petroleum Exporting Countries (Opec) maintained its forecast for an increase in oil supply from countries outside the group in 2026 at 600,000 barrels per day. For 2027, the organization increased its demand growth projection by 200,000 barrels per day.

* with information from Reuters