Ibovespa rises 1.7% and dollar falls to 5.09 reais after Trump statement

The Ibovespa rose 1.71% on Thursday, June 11, driven by statements from President Donald Trump about a possible agreement with Iran. The dollar fell more than 1% and closed at 5.09 reais.

The main B3 index reached 171.4 thousand points in today's trading session. Banks such as Itaú and Bradesco led the gains.

Trump stated on his Truth Social network that discussions for an agreement had been approved by all parties involved. He also said he had canceled attacks against Iranian territory.

Ouribank chief economist Cristiane Quartaroli noted that the reaction is immediate but the scenario remains uncertain. Markets await the next Copom meeting.

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Wall Street traders celebrate stock market rally on screens showing Dow Jones and BMV surges after US-Iran truce news.
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Markets rally after US-Iran two-week truce announcement

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Wall Street and Mexico's BMV stock markets closed sharply higher on Wednesday, reacting to Tuesday's post-market announcement of a two-week truce between the US and Iran—including negotiations and gradual reopening of the Strait of Hormuz—following President Trump's ultimatum. The Dow Jones surged 2.85%, while the BMV's IPC climbed 2.47%. The Mexican peso strengthened up to 1.9% against the dollar.

The Ibovespa fell more than 1% on Monday, May 11, influenced by geopolitical tensions in the Middle East and domestic inflation data.

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The dollar's exchange rate against the real fell to R$4.997, a level unseen since early 2024, driven by the Iran-US ceasefire announced on April 7. Analysts link the drop to eased global risk aversion and renewed flows into emerging markets like Brazil. However, 2026 elections and public finances prompt caution.

Wall Street closed mixed on Tuesday as markets awaited Donald Trump's ultimatum to Iran to reopen the Strait of Ormuz. Hours after the close, Trump announced a bilateral ceasefire agreement. Mexico's BMV fell 0.66% amid geopolitical tensions.

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Wall Street posted losses on May 19 as a lack of clarity in geopolitical agreements revived fears of a longer Middle East conflict.

The Mexican peso started the week with a 0.37 percent gain against the dollar, despite uncertainty over the lack of agreements between the United States and Iran.

Imeripotiwa na AI

On Tuesday, June 23 the country risk rebounded to 433 points and the official and blue dollar reached their highest values since January. International stock markets fell and Argentine shares on Wall Street traded lower.

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