The dollar fell to its lowest level in two years, and the stock market reached new historic highs this Thursday (9), marked by easing tensions in the Middle East and a greater global appetite for risk, amid signs of dialogue involving Israel and Lebanon.
The movement was driven by expectations of diplomatic progress in the region, which reduced risk premiums and favored assets from emerging countries, such as Brazil.
The spot dollar ended the day down R$ 0.04 (-0.77%), quoted at R$ 5.063, the lowest value since exactly two years ago, on April 9, 2024. Around 2:40 PM, the currency reached a low of R$ 5.05.
The depreciation was in line with the global weakening of the US currency and the improvement in the external scenario, with investors reacting to signs of geopolitical easing.
Among the factors contributing to the relief were reports that US President Donald Trump had asked Israel to reduce attacks on Lebanon, along with indications that the Israeli government intends to start negotiations.
For the year, the dollar has accumulated a 7.75% decline against the real.
The Ibovespa followed the positive external scenario and reached, for the first time, the level of 195,000 points. The index closed up 1.52%, at 195,129 points, setting a new record.
This marked the eighth consecutive advance for the Brazilian stock exchange and the 15th historic close in 2026. The movement was supported by the influx of foreign capital and the appreciation of shares of major companies, including oil companies and banks.
In April, the index has risen more than 4%, while for the year it has already advanced over 21%.
Oil prices recorded a moderate rise but lost momentum throughout the session amid signs of potential progress in negotiations between Israel and Lebanon.
The Brent crude, a benchmark for international trading, closed up 1.23%, at $95.92. The Texas WTI crude rose 3.66%, to $97.87.
Despite the partial recovery, prices remain influenced by the expectation of reduced tensions in the region, especially around the Strait of Hormuz, a strategic route for global oil transportation.
*With information from Reuters
Source: Agência Brasil.
Original published at O Cafezinho.