Dollar opens high this Friday, but walks to close 1st half in fall

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The day before, the US currency fell 0.01%, sold at R$ 4.8466. Dollar banknotes bearfotos/Freepik The dollar opened higher this Friday (30), the last trading session of the first half of 2023. Domestically, the market echoes the decision of the National Monetary Council (CMN) to change the inflation, to a continuous target of 3% from 2025. In addition, investors also follow the release of the Brazilian Institute of Geography and Statistics (IBGE) on employment numbers in the country. In the quarter ended in May, the unemployment rate fell to 8.3%. At 9:20 am, the US currency rose 0.44%, quoted at R$ 4.8680. See more quotes. The day before, the dollar closed close to stability, with a low of 0.01%, at R$ 4.8466. With the result, the currency started to accumulate: high of 1.44% in the week; drops of 4.46% in the month and 8.17% in the year. UNDERSTAND: What makes the dollar rise or fall against the real COMMERCIAL X TOURISM: what is the difference between the quotation of foreign currencies and why is tourism more expensive? MONEY OR CARD? What’s the best way to take dollars on trips? DOLLAR: When is the best time to buy the currency? What is messing with the markets? The main highlight of the last trading session of the semester is the change in the inflation targeting regime. For this year and the next, nothing changes. But, as of 2025, the target will be continuous at 3%, not limited to the calendar year. In the current regime, the inflation target works with a closed period: from January to December of a given year. Thus, the objective is that the inflation measured in December, accumulated since the previous January, is within the target. In the case of 2023, the center of this target is 3.25%. In the continuous model it is different. Inflation has to be on target over a time horizon, regardless of the closing date. Haddad stated that the government tends to work with a 24-month horizon, but that the definition of the period will be up to the Central Bank of Brazil (BC). On the subject, the BTG Pactual analysis team points out that “the projection is for a drop in inflation expectations and the interest curve raises the pricing of the Selic (basic interest rate) cut in August. According to the Minister of Finance, Fernando Haddad , the decision may ‘change the speed’ of the cuts”. Understand what the continuous inflation target is, which will be adopted by the Central Bank Still in the internal scenario, the IBGE announced that the unemployment rate dropped to 8.6% in the quarter ended in May. In relation to the immediately previous quarter, between December and February, the period brings a reduction of 0.3 percentage points (8.6%) in the unemployment rate. In the same quarter of 2022, the rate was 9.8%. As a result, the absolute number of unemployed persons fell by 3% against the previous quarter, reaching 8.9 million people. There are 279,000 fewer people in the number of unemployed people, compared to the last quarter of last year. Compared to the same period of 2022, the decline is 15.9%, or 1.7 million workers.

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