Dollar starts session this Thursday quoted at R$ 5.45; market reacts to maintenance of Selic at 13.75%

The dollar began the session on Thursday (5) with a swing and recorded a slight increase of 0.03% being traded at R$ 5.4532, shortly after 9 o’clock.

The financial market has repercussions on the decision of the Monetary Policy Committee (Copom), announced the day before, which kept the Selic rate at 13.75% per year. Investors will follow the employment data of Estados Unidos and also the purchasing managers index (PMI) of Brazil.

Wednesdays

The dollar closed down on Wednesday, following the weakening of the U.S. currency abroad after the victory of the Democrats in the midterm elections in the Estados Unidos. The stock market advanced more than 1%, recovered 167,000 points and interrupted a sequence of six consecutive lows.

Investors also followed up on the expectation of the Monetary Policy Committee’s (Copom) decision on Selic. The market closed before the announcement of the maintenance of the basic interest of the economy at 13.75% a year.

The main numbers of Wednesday (4):

Spot Dollar: R$ 5,451 (-0.64%);

Ibovespa: 167,563.47 points (+1,23%);

Global dollar (DXY index): 101,520 points (-0.2%);

Brent oil: US$ 94.62 per barrel (-8.67%).

Câmbio

The U.S. currency ended the day down against the real after three consecutive bullish talks. The movement was influenced by the result of the legislative elections in the Estados Unidos, in which the Democrats won a majority in the Senate and Chamber of Deputies.

The result reduced the perceived risk of abrupt changes in US economic policy and contributed to the weakening of the dollar globally. The fall in yields on Estados Unidos Treasury bonds also favoured currencies from emerging countries.

In Brazil, however, real gains were limited by investors' caution in the face of fiscal uncertainties and expectations about the conduct of economic policy in the next government. Copom’s decision on the basic interest rate was also on the radar.

The dollar reached R$ 5,498 at the maximum of the session, around 13:30, but it firmed in negative terrain throughout the afternoon.

With information Agência Brasil

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