Dollar rises to R$ 5,56, pressured by the international market.

Brazil Agency - External market pressures weighed heavily again, causing the dollar to rise for the second consecutive day and practically erasing the accumulated decline for 2022. The stock market resisted the falls in international markets and closed slightly higher.

The commercial dollar closed this Tuesday (18) sold at R$ 5,561, with an increase of R$ 0,034 (+0,61%). The exchange rate started the day falling, reaching R$ 5,50 around 11 am, but reversed the movement, amid pressure for an increase coming from the external market.

With today's performance, the US dollar has accumulated a 0,28% drop in the first days of 2022. At the end of last week, the accumulated decline reached 1,09%.

The stock market had a different kind of day. After alternating between gains and losses throughout the session, the Ibovespa index, from B3, closed at 106.668 points, up 0,28%. The indicator was driven by mining companies, whose shares rose due to the increase in the international price of iron ore. There was also an influx of foreign investors seeking stocks that had become cheap in recent weeks.

The rise in yields on US Treasury bonds, considered the safest investments in the world, has once again put pressure on the dollar globally. This is because higher rates on US bonds encourage capital flight from emerging countries, such as Brazil.

Domestically, the mobilization of federal employees, who held a day of strikes and protests in Brasília, was followed by investors. The market fears that the government will give in to pressure and increase public spending in an election year.