Dollar falls this Wednesday, the day before inflation figures in Brazil and the USA

[ad_1]

The day before, the North American currency advanced 0.69%, quoted at R$4.9044. The stock exchange’s main stock index fell 0.74%, to 131,447 points. Illustrative image about the rise of the dollar and the stock market on the São Paulo Stock Exchange (B3). KEVIN DAVID/A7 PRESS/ESTADÃO CONTÚDO The dollar is falling this Wednesday (10), in another day of caution from investors, who await US inflation data after a moderation in bets on interest cuts by the Federal Reserve in 2024. Prices in Brazil for December are also released this week, measured by the Broad National Consumer Price Index (IPCA). The expectation is that the year ended within the inflation target, which helps to maintain the rate of interest cuts by the Central Bank. See below for a summary of the markets. Dollar At 9am, the dollar was down 0.09%, quoted at R$4.8998. See more quotes. The day before, the North American currency closed up 0.69%, quoted at R$4.9044. As a result, it accumulated increases of: 0.67% in the week; 1.07% in the month and year. Ibovespa Ibovespa only operates from 10am. Yesterday, the index fell 0.74%, to 131,447 points. With the result, Ibovespa accumulated drops of: 0.44% in the week; 2.04% 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 moved the markets? With the slow schedule, market agents continue to wait for inflation data in the United States and Brazil to choose an investment flow. The US consumer price index (CPI) is scheduled for Thursday and will be watched closely to unveil the Federal Reserve’s next steps in monetary policy. In Brazil, the Brazilian Institute of Geography and Statistics (IBGE) also releases the final figures for Brazil’s official inflation this Thursday. Contrary to expectations at the beginning of 2023, the indicator should close the year below the inflation target ceiling. Last year’s first Focus bulletin — a report released by the BC with the numbers expected by more than 100 financial institutions in the country — showed that experts predicted closed inflation of 5.31% in 2023. A number of phenomena, however, caused that Focus’s projection for the Broad Consumer Price Index (IPCA) would fall by almost 1 percentage point, to around 4.46%. g1 listened to economists to understand what changed, what factors brought inflation back to the target and what the scenario is for 2024. Read the full report here. Still here, President Luiz Inácio Lula da Silva (PT) sanctioned a law that creates infrastructure debentures. With the papers, public service concessionaires will be able to finance investments in the sector, in addition to innovation and research. As a benefit, the debt issuer may have a 30% reduction in interest paid on its Income Tax and Social Contribution on Net Profit (CSLL) calculation basis.

[ad_2]

Source link