The ended the first month of this year with a drop of 5.85%, the largest monthly devaluation since March 2022when it retreated 7.81%. The result came after three consecutive months of discharge, according to data from the consulting firm Elos Ayta.
Parallel to this, variable income begins to recover, despite the high interest rate of the Selic interest rate, which penalizes market assets.
“This foreign exchange relief contrasts with the accumulated appreciation in the last quarter of 2024, and 22.65% in November,” said the consultancy.
“Despite the recent correction, the US currency still has an annualized gain of 17.7%, reflecting the economic uncertainties that marked the period.”
and the Small Caps index in January highlights the reverse relationship between the performance of the US currency and the Brazilian stock market, according to Elosa Ayta.
“Historically, a weaker dollar tends to benefit variable income, especially in emerging countries, by relieving pressure on import costs and reducing the impact of external factors such as foreign capital departure,” the consultancy says.
The Small Caps index advanced 6.11%, while the Ibovespa rose 4.86%interrupting a sequence of four months of consecutive losses. This was the best monthly performance of the main index of the Brazilian scholarship since August 2024when it registered a 6.54%increase.
“In addition to the positive scenario for variable income and gold, it is interesting to observe the resilience of the CDI, which accumulated 10.87% in 12 months, remaining as a conservative and attractive alternative in a high interest environment,” adds the ELOS AYTA.
Another relevant point is BDRX’s performance, which despite the 4.23% drop in January, accumulates significant gains on the annual horizon, demonstrating the continuous interest of investors in international assets.
“The market starts 2025 with signs of optimism, but still surrounded by uncertainties. The behavior of the dollar, the impact of global monetary policy and the recovery of the Brazilian economy will be determining factors for the coming months. ”
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On the other hand, the negative performance of the dollar was accompanied by the appreciation of gold, which led the earnings in January with a 7.02%increase, confirming its role as protection assets in times of volatility.
In relation to digital currencies, the Bitcoin follows as the most profitable asset In the accumulated 12 months, with appreciation of 184.09% in the period, highlighting the growing appetite for digital assets.
