Dollar operates on a strong rise, jumping 6% at the opening. Central Bank takes action with auction announcements and manages to slow down the currency
This Thursday (12) at 2:11 pm the US currency rose 1.54% to R$ 4.79. Earlier at the opening, there was a jump of 6%, beating R$ 5.02, assuming the new nominal maximum ever recorded in the country (ignoring inflation).
During the year, the dollar appreciated by 19.26% in relation to the real.
The tourism dollar was traded at R$ 5.0842, without considering the IOF charge. At exchange offices, the dollar was sold above R$ 5.10. For purchases made using a prepaid card, the price exceeded R$ 5.30.
The rise lost momentum after the Central Bank acted strongly in the foreign exchange market, and the American Central Bank announced an injection of US$ 1.5 trillion to try to calm investors. The commercial dollar closed up 1.38%, at R$ 4.786 on sale. This is the highest nominal closing value since the creation of the Real.
Stock Exchange stops again
The stock exchange's business was once again paralyzed this Thursday, after the second “circuit breaker” of the day was triggered. At 1:19 pm, the Ibovespa had fallen by 17.71%, to 70,087.
The central bank acted intensively in the foreign exchange market, with an offer of up to US$ 2.5 billion in cash currency, canceling the initial announcement of a sale of up to 1.5 billion made the previous day. It was the only measure that managed to stop the dollar from rising a little.
“The Central Bank was unable to sell everything offered at auctions because there is no demand at the spot end. There is demand in the future (dollar), a protective measure.” said Jefferson Laatus, partner and founder of the Laatus group.
The day before, the dollar ended the day at R$ 4.7215, up 1.65%. This week the dollar reached a high of 1.88% until Wednesday's auction. And in the March partial, the advance is 5.37%.
Before the current round of auctions, the Central Bank had not carried out this type of operation since December 20 of last year.
The current dollar reserve auctions have taken place alternately with exchange rate swap offers.
