Dollar closes slightly higher with uncertainty about the direction of interest rates in the US; Ibovespa falls

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The previous day, the North American currency advanced 1.22%, quoted at R$4.9250, the highest level in a month. The stock exchange’s main stock index closed down 1.69%, at 129,294 points. Dollar operates higher this Wednesday. Pixabay The dollar closed slightly higher this Wednesday (17), amid new concerns from investors around the world about the direction of interest rates in the United States. Ibovespa, the main stock index on the Brazilian stock exchange, B3, is falling. In Brazil, the discussion about payroll tax increases is what attracts the most attention in the financial market, as it renews fears about the country’s fiscal crisis. See below for a summary of the markets. Dollar The dollar advanced 0.09%, quoted at R$4.9296. See more quotes. With the result, it accumulated: increase of 1.50% in the week; and gains of 1.59% in the month and year. The previous day, the North American currency rose 1.22%, quoted at R$4.9250. Ibovespa At the same time, Ibovespa fell 0.47%, to 128,691 points. The day before, the index dropped 1.69%, to 129,294 points, losing 130,000 points for the first time in the year. With the result, it accumulated: decrease of 1.29% in the week; falls of 3.65% in the month and year. READ ALSO CASH OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? Understand what makes the dollar rise or fall What is moving the markets? The speech by the director of the Federal Reserve (Fed, the US central bank), Christopher Waller, on the future of interest rates in the United States, had repercussions on the financial market. According to him, the Fed should not rush to cut its benchmark interest rate until it is clear that the low inflation will be sustained. Waller also commented that the cuts must be made in a “methodical and careful” way, and not through large and rapid reductions, despite the US being close to the inflation target of 2%. The statements contradict recent market expectations, which are betting that the North American BC should start reducing loan costs from March, and could reduce rates by 1.5 percentage points by the end of the year. However, expectations began to change. According to the CME Group’s FedWatch tool, 61% of investors believe that the Fed should start cutting interest rates in March. This number was 80% at the end of 2023. Since July, the Fed has worked with a base rate in the range of 5.25% to 5.5%. In the domestic scenario, the highlight continues with the discussions on the repayment of the payroll. The Minister of Finance, Fernando Haddad, said on Tuesday (16) that he will have two meetings this week to discuss the provisional measure that gradually reinstates the payroll of 17 labor-intensive sectors of the economy. One of the hearings will be with the head of the Executive, Luiz Inácio Lula da Silva (PT), and another with the president of the Chamber of Deputies, Arthur Lira (PP-AL). In the stock market, Banco Inter reported on Tuesday night (16) that it filed a request for a “follow-on” (subsequent public offering) on ​​Nasdaq, for up to 32 million of its class A common shares. it can generate up to US$184 million. According to the bank, the net proceeds from the offering are to be used for general corporate purposes.

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