Driven by the recent rise in rates by the Brazilian central bank that encouraged the inflow of foreign capital, the currency was trading at 5,005 units per dollar, with a gain of 1% compared to Tuesday’s price, after piercing the threshold 5 units per dollar earlier. , in line with the behavior of other emerging currencies.
“Market participants will remain attentive to the evolution of tensions between Russia and the West”said Gabriela Siller, head of analysis at Banco Base. After Moscow deployed troops to breakaway regions of eastern Ukraine, the United States, the European Union, the United Kingdom, Australia, Canada and Japan responded with plans to attack banks and elites, while Germany froze a major gas pipeline project. from Russia.
Meanwhile, Russian President Vladimir Putin said Wednesday that Russia is always open to diplomacy, but that it puts its own national security interests first and will continue to strengthen its army in the face of a “difficult international situation.”
On the other hand, the São Paulo Stock Exchange operates with a rise of 0.5% and its main indicator, the Bovespa, stood at 113,428.70 points.
“The dollar continues to retreat and the markets are seen rising thanks to Russia’s intentions to avoid war. Yesterday it announced that it wants to establish new diplomatic channels to avoid conflict,” said in a statement Luis Alberto Reyes, an analyst at Mercados G.
Other markets in the region
The Mexican peso It was trading at 20.1979 units per dollar, with a gain of 0.5% compared to the 20.2890 pesos of the Reuters reference price on Tuesday. The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell more than 1% in the first deals.
The Chilean peso It climbed 0.96%, to 784.70/785.00 per dollar. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, fell 0.18% to 4,465.03 units.
The Colombian peso it appreciated 0.39% to 3,914.50 units per dollar; while in the stock market the MSCI COLCAP stock index appreciated 1.3% to 1,511.85 points.
The peruvian currency, the sun, gained 0.28%, at 3.695/3.720 units per dollar. Meanwhile, the benchmark of the Lima Stock Exchange fell 0.01%, to 612.79 points.
Source: Ambito
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