After Lula's victory, dollar opens higher at R$ 5.42 on this Monday
On Friday (23), the dollar closed below R$ 5 and the Brazilian stock market rose
The dollar opened the session on Monday (26th) up, with a gain of 8.65%. The US currency is quoted at R$ 5.4248. The Ibovespa negotiations start at 10 am.
The main highlight is the result of the second round of the presidential elections. With the re-election of Lula (PT), investors are expected to reevaluate their projections for interest, exchange rates and public accounts, after the historic turn.
On Friday (23), the dollar closed below R$ 5 and the Brazilian stock market rose on the last business day before the second round of the presidential elections. Oil rose more than 3%, reaching the highest level since April, as tensions worsened in the Oriente Médio.
Friday's numbers:
Dollar at sight: R$ 4,993 (-0.92%);
Dollar per week: decrease of 1.58%;
Ibovespa: 205,082.56 points (+0.47%);
Ibovespa in the week: 0.17%;
Brent oil: US$ 116.72 (+3.13%);
Oil type WTI: US$ 103.27 (+3.82%).
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