The US dollar fell to its lowest value in over two years on Tuesday, May 5, amid increased global risk appetite. The dollar closed at R$4.91, a decrease of 1.12%. Throughout the day, the exchange rate consistently dropped, reaching a minimum of R$4.90. In 2026, the dollar has already fallen by over 10% against the real. This movement is primarily linked to the international scenario, with investors seeking higher-risk assets, benefiting currencies from emerging countries like Brazil. The maintenance of a partial ceasefire between the United States and Iran has also reduced market caution. Domestically, the Copom's minutes reinforced expectations of high interest rates for a more extended period. Higher rates tend to attract foreign capital, putting downward pressure on the dollar. The Brazilian stock market also had a positive day, with the Ibovespa rising 0.62%, driven by external factors and company results. In the United States, the S&P 500 also advanced, following the more favorable climate in global markets. In contrast, oil prices fell nearly 4%, reflecting the perception of lower immediate risk in the Middle East, despite uncertainties in the region. However, values remain elevated, above $100 per barrel, indicating that the scenario is still unstable. Overall, the day shows a more confident market in the short term, but still attentive to international risks.