Ibovespa almost hits record high and dollar falls.

Ibovespa almost hits record high and dollar falls.

The Ibovespa, the main index of the Brazilian stock exchange, closed Friday (14) up 0.37%, reaching 157,739 points. The index reached 158,300 points during the trading session, the second highest level in history, remaining only 10 points below the record registered two days before.

Stock market performance

The 2.39% increase for the week and the 5.49% increase in November demonstrate the positive momentum of the Brazilian stock market, even amidst external uncertainties. This performance was driven, in part, by expectations of a suspension of US trade tariffs on Brazilian agricultural products such as coffee, meat, and fruit.

Dollar falling

The commercial dollar closed virtually unchanged, but registered a drop of 0.7% for the week. The currency has accumulated a decline of 1.54% in November and 14.26% for the year. The international scenario, marked by the end of the shutdown in the US and the possibility of normalization in the release of economic data, helped to contain volatility.

Impacts and perspectives

According to analysts, the stock market's performance reflects the search for riskier assets amid signs of improvement in the external environment. Expectations of increased Brazilian food exports also contributed to investor optimism.