See the dollar quote today – 07/20/2023 – Market

The dollar opened slightly higher on Thursday (20) after registering another day of losses on the eve, impacted by expectations about the next interest rate decisions in the United States and by the rise of commodities abroad.

Investors this morning are reflecting on new inflation data in Europe and are awaiting information on the job market in the US, precisely assessing the scenario for a possible global reduction in interest rates.

At 9:06 am (Brasília time), the spot dollar advanced 0.23%, to R$ 4.7956 reais on sale. On B3, at 9:06 am (Brasília time), the first contract dollar futures contract rose 0.09%, to R$ 4.8045.

The Brazilian stock exchange recorded a drop on Wednesday (19) amidst an empty schedule of indicators in Brazil, with investors remaining in expectation about the next decision on interest rates by the Central Bank.

The dollar was also low as the market reflects weaker inflation data abroad and expects a pause in the hike in interest rates promoted by global central banks. The currency was also under pressure in Brazil due to the advance of commodities this Wednesday.

As a result, the Ibovespa fell 0.24%, to 117,552 points, while the dollar fell 0.45%, closing the day quoted at R$4.786.

The fall of the Stock Exchange was pulled by low of Vale (0.40%), after the company has disclosed worse than expected ore production data. Itaú shares, which fell 1.30%, also pressured the index.

The biggest falls of the day were Alpargatas shares, which registered a 7.76% drop and are undergoing adjustments after strong increases, and GPA, with a 5.15% retreat, also undergoing correction amid news about the sale of the company’s stake in Colombian Éxito.

On the other hand, the fall of the Ibovespa was mitigated by the rise of Weg shares (5.48%), which were the most traded in the session after the company released its balance sheet for the second quarter. Gains from Petrobras (0.90%) and PetroRio (1.69%) also helped the index, on a day of high oil prices abroad.

In futures markets, interest rates rose slightly after two consecutive sessions of declines. Contracts maturing in January 2024 increased from 12.76% to 12.77%, while those for 2025 increased from 10.73% to 10.80%.

In the United States, the main stock indices registered an increase, boosted by the release of positive balance sheets by companies in the country. The S&P 500, Dow Jones and Nasdaq rose 0.24%, 0.31% and 0.03% respectively.

With Reuters