The dollar falls to R $ 5.09 after the announcement of the fiscal framework

The US currency hit its lowest level since February 2, when it was at R$5.04.

Despite some volatility during the session, the financial market reacted positively to the announcement of the new fiscal framework released this Thursday (30) by the finance ministers, Fernando Haddadand planning, Simon Tebet. The dollar fell to a nearly two-month low. The stock rose nearly 2% and closed at its highest level in 20 days.

The Trade Dollar closed on Thursday traded at BRL 5.098, down BRL 0.038 (-0.73%). The quotation fell to R$ 5.07 around 9:30 am. Subsequently, after the announcement of the government’s proposal, it rose to R $ 5.15. However, as the details began to be disclosed, the quotation fell again, eventually stabilizing below R$ 5.10 towards the end of the day.

Down for the fifth day in a row, the US currency hit its lowest level since February 2, when it was at R$5.04. The currency accumulates a 2.43% decline in March and falls 3.45% in 2023.

The announcement of the new tax target was also well received on the stock market. The B3 Ibovespa index closed at 103,713 points, up 1.81%. The indicator, which accumulates five highs, is at its highest level since the last 9 days.

In addition to the announcement of the new fiscal framework, which will propose a spending growth limit equal to 70% of the variation in revenues accumulated over 12 months, the market has been influenced by the outside world.

Source: Terra

Rose

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