Since Galípolo arrived and Campos Neto left, the dollar has registered its longest losing streak in twenty years.
Brazil now has leadership at the Central Bank.
247 - The change in leadership at the Central Bank of Brazil was decisive in the appreciation of the real in recent sessions. Since Gabriel Galípolo took over as president, replacing Campos Neto, the dollar has accumulated its longest streak of daily declines in twenty years, reflecting the return of active and vigilant management over the foreign exchange market.
The commercial dollar closed this Monday (3) sold at R$ 5,815, with a drop of R$ 0,022 (-0,38%). The exchange rate started the day higher, reaching R$ 5,90 around 12 pm, but reversed the movement after Trump and the president of Mexico, Claudia Sheinbaum, announced negotiations to raise trade tariffs between the two countries. In addition, the Central Bank, now under the leadership of Galípolo, demonstrated a firm stance in combating currency speculation, unlike the previous administration, when Campos Neto turned a blind eye to speculative maneuvers that put pressure on the Brazilian currency.
The US dollar is at its lowest exchange rate since November 26th and has accumulated a 5,88% drop in 2025. The dollar has not closed higher since January 17th, registering the longest streak of daily declines since the period between the end of March and mid-April 2005.
In the stock market, the day was less optimistic. The Ibovespa index, from B3, closed at 125.970 points, with a slight drop of 0,13%. The indicator rose as much as 0,25% around 13 pm, but lost strength and ended near stability. In the morning, the stock market started lower and the dollar higher, still reflecting Trump's announcement that he would raise tariffs by 25% on Mexican and Canadian products and by 10% on Chinese products. The temporary suspension of the measure for Mexico, for 30 days, contributed to the relief in the markets, but the impact of the Central Bank's new policy was decisive for the strengthening of the real against the dollar.
On Monday, the commercial euro closed below R$6 for the first time since October 4th. The exchange rate ended the day at R$5,981, down R$0,047 (-1,22%). The currency is at its lowest value since July 16th of last year, when it was at R$5,91.
