Global market remains tense due to the effects of the coronavirus and increasing deaths, but the dollar closes with a high of 2.17%
US currency rose 2.17%, to R$ 5.1352.
This Monday (23), the dollar closed high after another day of uncertainties and fears in the global market and reacted. The US currency ended the day at a high of 2.17%, beating R$ 5.1347.
In this year of 2020, the currency's high has already reached 28.07%.
The dollar last Friday closed down for the second straight day, being sold at R$ 5.0260.
The market continues with tension and expectations of improvement in the global economy with the measures that are being organized by countries to combat the advance of the coronavirus. Investors remain attentive to interventions by the Brazilian Central Bank in the markets.
US Central Bank
The Federal Reserve, the central bank of the United States, announced that it will begin to support an unprecedented set of credits for families, large employers and small companies. The objective is to try to compensate for the economic “serious disturbances” that are being generated as a result of the coronavirus pandemic.
"We restart this Monday with another negative morning in the international markets", said XP Investimentos in a note. And he cited the fears of the various markets in relation to the approval of the support package for combating the effects of the coronavirus by the United States Senate.
“There is disagreement over the format of the package and the Treasury's degree of transparency and freedom to rescue companies,” they said. On Sunday (22) the project was denied after Democrats and Republicans were unable to reach an agreement. For Democrats, the measures are aimed only at helping corporations.
The $1 trillion package is hope for panicked markets, which are already pricing in a recession in the world's largest economy.
Markets fall again around the world
Dollar operates at a high of 2.07%, at R$ 5.1299; Bovespa operates at a drop of 6.46%; the New York stock exchange (Dow Jones): operates at a fall of 3.83%, London the stock exchange operates at a fall of 4.06%. The Madrid Stock Exchange has fallen by 4.04%. Paris dropped 3.68%, the Frankfurt stock exchange dropped 2.83%. The Singapore stock exchange closed down by 7.35%. sydney exchange, closing also in fall of 5,62%. In Tokyo, the stock market closed at a high of 2.02%. The Shanghai stock exchange closed with a drop of 3.11% and the Seoul one with a drop of 5.34%.
