Dollar falls to R$5.07, lowest level in a month; bag stays stable

The dollar fell again this Tuesday (21) and closed at its lowest level since June 15, influenced by high interest rates in Brazil and the international rise in oil prices. The stock market ended practically stable, but accumulated the fifth consecutive drop. Driven by tensions in the Middle East, oil advanced for the third session in a row.

The advance of the commodity favored the currencies of countries that export the product, such as Brazil, keeping the real in prominence among emerging markets. Main numbers Spot dollar: -0.31%, at R$5.073 (lowest closing since June 15); Dollar accumulation: -0.73% in the week, -1.73% in the month and -7.57% in the year; Ibovespa: -0.03%, at 173,325.65 points; Brent oil (September): +2%, at US$91.01 per barrel; WTI oil (September): +2.25%, at US$84.34 per barrel. Dollar Related news: Houthis close Bab el-Mandeb Strait in blockade of Saudi Arabia.

Iran reports having attacked Amazon's data center in Bahrain. Market reduces inflation expectations to 5.15% in 2026. The commercial dollar fell 0.31%, to R$5.073, renewing the lowest closing level in just over a month, even with the appreciation of the American currency against the main global currencies. The movement was mainly supported by the rise in oil prices, which improved the terms of trade for Brazil, a net exporter of the commodity.

It was also influenced by high domestic interest rates, which continue to attract carry trade operations, the transfer of financial capital from advanced economies to Brazil, to take advantage of the difference in rates. The real had the second best performance among emerging currencies on the day, behind only the Colombian peso. Year-to-date, the American currency registered a drop of 7.57% against the real.

Despite new uncertainties surrounding the war between the United States and Iran and the announcement of new American tariffs on Canadian products, the foreign exchange market showed limited volatility throughout the session. Stock Exchange The Ibovespa ended practically stable, with a slight drop of 0.03%, at 173,325.65 points, after oscillating between losses and gains throughout the session. Liquidity remained low, with financial turnover of R$17.9 billion, well below the daily average recorded this year.

Petrobras shares, the most traded, followed the appreciation of oil and helped limit the index's losses. Ordinary shares (with the right to vote at shareholders' meetings) rose 1.43%. Preferred shares (with preference in the distribution of dividends) appreciated by 1.24%.

The performance of the Brazilian Stock Exchange once again differed from that abroad. In New York, the main stock indices ended the day on a high, driven mainly by the technology sector, while the domestic market remained pressured by geopolitical uncertainties and low trading volume. Oil International oil contracts closed sharply higher given the persistence of risks to global supply caused by the conflict in the Middle East. Brent, a reference for Petrobras, advanced 2%, to US$ 91.01 a barrel.