Dollar opens session this Thursday quoted at R$ 5.45 eyeing the result of the US elections
On Tuesday (3), the dollar advanced and closed near R$ 5.50
The dollar started on Wednesday (4) quoted at R$ 5.4587. The financial market closely follows the outcome of the midterm elections in the Estados Unidos, marked by the Democratic victory in Congress.
In the domestic scenario, investors monitor medida provisória’s expectation of sending reforma tributária’s selective tax and await the decision of the Monetary Policy Committee (Copom) on the basic interest rate, which will be announced after the closing of the markets.
On Tuesday (3), the Brazilian financial market closed down, with the dollar up and the stock exchange widening losses after the re-election of President Luiz Inácio Lula da Silva.
The U.S. currency advanced about 1%, closing close to R$ 5.50. Ibovespa fell for the sixth time in a row and reached its lowest level since January.
Uncertainties over the government’s fiscal policy and expectations for the Monetary Policy Committee’s decision on the Selic rate, expected on Wednesday, have kept investors cautious.
Numbers of Tuesday (3):
Commercial dollar: R$ 5,486 (+0,74%);
Maximum of the dollar: R$ 5,509, around 13:50
Dollar Index (DXY): 101,850 (+0.13%);
Ibovespa: 165.528.92 points (-1.42%);
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