The Brazilian Stock Exchange recovered slightly on Tuesday (10), after falling 12.17% the day before, the worst drop since 1998. In this session, the Ibovespa rose 7.14%, to 92,214 points, its largest rally since January 2009. The increase was led by Petrobras and Vale, which increased by 9% and 18%, respectively.
The Real also gained strength again on Tuesday. The commercial dollar price fell 1.7%, to R$ 4.647. Tourism dropped to R$ 4.83 in sales. In the year, the dollar has accumulated a 15.76% increase against the real.
In this session, the Central Bank sold US $ 2 billion in cash to provide liquidity to the market and reduce the currency's rise. On Wednesday (11), the Central bank will return to the foreign exchange swap auctions, contracts that reward the investor by the exchange variation, which helps to reduce the dollar price. Between 09h20 and 09h30, up to 20 thousand swap contracts will be offered, totaling US $ 1 billion.
On Tuesday, investors took advantage of the strong drops to adjust their portfolios, optimistic about economic stimuli in the United States.
"Yesterday, it was totally atypical, because many funds are obliged to follow the risk policy and dispose of shares at any cost, but today they have already remade their position. Now, the individual is also more aware, many have returned to buy today", said Rodrigo Moliterno, head of variable income at Veedha, a broker linked to XP.
Translated by Kiratiana Freelon