Dollar is slightly high this Friday; see the quote today – 07/14/2023 – Market

The dollar opened higher this Friday (14th) after having registered successive falls throughout the week, mainly impacted by the release of inflation data in the United States with the focus of Investors monitor the Fed’s interest rate perspective (Federal Reserve, US BC ).

With an empty agenda of indicators, the dollar is heading to close the week with devaluation, after a weekly high of 1.62% last Friday (7).

At 9:05 am (Brasília time), the spot dollar advanced 0.22%, to R$ 4.8003 in the sale. On the B3, at 9:05 am (Brasília time), the first contract dollar futures contract rose 0.11%, to R$ 4.8165.

The Brazilian stock exchange recorded another day of highs and the dollar fell on Thursday (13) still impacted by the outside, after the American inflation data have endorsed the bet that the Fed (Federal Reserve, the American central bank) can anticipate the end of the escalation of interest rates in the country.

As a result, the Ibovespa rose 1.35%, closing at 119,263 points, while the dollar fell 0.60%, quoted at R$4.790.

With a calm domestic agenda, the Ibovespa was driven mainly by optimism abroad, with the main stock indices in the United States registering increases. The S&P 500, Nasdaq and Dow Jones rose 0.85%, 1.58% and 0.14% respectively.

In Brazil, the good performance of the Exchange was supported by increases in Vale (2.11%), Petrobras (1.02%) and PetroRio (3.05%), which were among the most traded in the session. Companies also benefit from commodities abroad.

“The movement took place following the advance of iron ore in the international market, amid expectations that Beijing will provide more help to the real estate sector, which overlaps with the frustration with China’s trade balance”, says economist Alexsandro Nishimura, partner from Nomos.

The banking sector also helped in the performance of the Ibovespa this Thursday, with increases in Itaú (1.48%) and Bradesco (2.60%).

In futures markets, the shorter yield curves, due in 2024, remained stable.

Among long-term contracts, rates ended higher. Contracts maturing in 2025 increased from 10.78% to 10.85%, while those for 2026 increased from 10.11% to 10.22%.

With Reuters