Dollar and Ibovespa are falling, in another day of waiting for interest rate decisions in Brazil and the USA

[ad_1]

The previous day, the North American currency fell 0.31%, selling at R$4.8556, while the Ibovespa fell 0.40%, to 118,288 points. Dollar operates in decline Pixabay The dollar and Ibovespa, the main stock index of the São Paulo Stock Exchange, B3, operate in decline this Tuesday (19), in another day marked by expectations for important monetary policy decisions. Today the meetings of the Monetary Policy Committee (Copom) of the Central Bank of Brazil (BC) and the Federal Reserve (Fed, the American central bank) begin. At 10:15 am, the US currency fell 0.02%, quoted at R$4.8545, while the Ibovespa fell 0.10%, to 118,168 points. See more quotes. The previous day, the dollar closed 0.31% lower, sold at R$4.8556, the lowest level of the month so far. As a result, the currency began to accumulate falls of: 0.31% in the week; 1.91% in the month; and 8.00% in the year. In the stock market, the Ibovespa closed down 0.40%, at 118,288 points, and began to accumulate: a drop of 0.31% in the week; advance of 2.20% in the month; and an increase of 7.80% in the year. COMMERCIAL X TOURISM: what is the difference between the exchange rate of foreign currencies and why is tourism more expensive? MONEY OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? What’s moving the markets? The day does not feature very important announcements on the global economic agenda, but the trading session continues to be marked by the tension that precedes monetary policy decisions, mainly in the United States. The majority of the market expects the Fed to keep the country’s interest rates, currently between 5.25% and 5.50% per year, unchanged, after August inflation data last week came in line with what was expected. . However, the continued increase in the price of commodities, especially oil, adds concern to investors and specialists, because this increase could end up generating, once again, inflationary shocks. The Copom meeting also begins today, and the general expectation is that the committee will promote another cut in the Selic, the basic interest rate, currently at 13.25% per year. Most projections point to a 0.50 percentage point drop in interest rates, as occurred at the institution’s last meeting, but there are those who believe in the possibility of a cut of up to 0.75 percentage points. In addition to the decision on the Selic rate itself, the market is also eagerly awaiting the Copom statement, which provides more information about how the committee is seeing the dynamics of the Brazilian economy and signals what the BC’s next steps should be in relation to interest rates. Selic rate: understand the most important points for the Central Bank’s interest rate decision At the end of the day, after 10pm, the People’s Bank of China is also expected to announce new monetary policy decisions. The situation of the Chinese economy is different from that of Brazil and the United States, because the problem there is not the increase in inflation, but rather the weakening of economic activity. Therefore, it is expected that the bank will promote a reduction in interest rates, in order to stimulate the economy. If expectations come true, the positive impacts could even be felt in the Brazilian market, as China is Brazil’s main trading partner and, with economic stimuli in the country, national exports could increase. On the internal agenda, the highlight is the release of the BC’s Economic Activity Index (IBC-BR), considered the “preview” of the Gross Domestic Product (GDP), which registered an expansion of 0.44% in July, compared to the previous month. Compared to July last year, the indicator rose 0.66%. In the first seven months of this year, the IBC-Br increased 3.21% and, in the twelve months up to April, it grew 3.12%. Understand what makes the dollar rise or fall

[ad_2]

Source link