São Paulo – A speech expected to be delivered by the president of the United States Federal Reserve System (FED), Janet Yellen, this Friday (26) impacted the financial market in Brazil and in the world this Thursday (25). Yellen could make it clear if the FED will or will not raise interest rates in the North American market in the next few months and, thus, investors worldwide await to know where to put their money. If she signals a raise in interest rates, funds will head toward the United States. Otherwise, other markets will receive these funds.
Due to these expectations, the dollar today went up 0.27% to BRL 3.232, and the São Paulo Stock Exchange’s main index, the Ibovespa, remained stable, with a slight increase of 0.01% to 57,722 points. In Brazil, the start of the Senate’s vote on the impeachment process of suspended president Dilma Rousseff also impacted the financial market’s performance. Plus, the Brazilian Central Bank again intervened in the foreign exchange market, which made the dollar go up.
*Translated by Sérgio Kakitani
