Dollar opens in decline this Tuesday, below R$ 5.20

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On the eve, the US currency fell 0.83%, quoted at R$ 5.2065. Dollar bills pasja1000/Creative Commons The dollar operates in decline this Tuesday (28). At 9:05 am, the US currency retreated 0.32%, quoted at R$ 5.1898. See more quotes. On Friday, the currency fell by 0.83%, quoted at R$5.2065. As a result, the currency began to accumulate drops of 0.35% in the month and 1.35% in the year. READ ALSO: UNDERSTAND: What makes the dollar rise or fall in relation to the real COMMERCIAL X TOURISM: what is the difference between the quotation of foreign currencies and why is tourism more expensive? DOLLAR: When is the best time to buy the currency? MONEY OR CARD? What’s the best way to take dollars on trips? What is messing with the markets? On the internal agenda, there are two highlights: the possible disclosure of the new Brazilian fiscal framework, now that President Luiz Inácio Lula da Silva’s trip to China has been postponed, and the minutes of the Monetary Policy Committee (Copom) meeting, which decided to keep the country’s basic interest rate at 13.75% per annum. The Copom minutes were released around 8:00 am. The committee says that a “solid and credible” fiscal “framework” can lead to a “more benign” process of falling inflation by reducing expectations of rising prices, uncertainty in the economy and asset risk premiums (among them , the interest rate and the exchange rate). “The Copom emphasized that there is no mechanical relationship between inflation convergence and the presentation of the fiscal framework, since the former remains conditional on the reaction of inflation expectations, public debt projections and asset prices”, added the BC . Understand the messages from the Central Bank about the future of Selic The government’s economic area has already finalized the so-called “fiscal framework”, which are new rules for public accounts to replace the current spending ceiling as a parameter for controlling spending — a ” fiscal anchor”, in economics jargon. The government has already informed that it will send the proposal to the National Congress by April 15th. The idea is to create a mechanism that allows the government to make investments and budgetary expenditures in health and education, for example, the so-called social expenditures, without generating lack of control in public accounts. Although there is still no information on what the design of the new fiscal rule will be, experts consulted by the g1 are unanimous in saying that the new framework is necessary for the government to be able to improve over time the result of its public accounts and also to stabilize public debt. Abroad, the market still pays some attention to the banking issue. First Citizens BancShares Inc’s offer to buy Silicon Valley (SVB) brought some calm to the sector and dispelled suspicions that the Federal Reserve is having problems overcoming the US credit crisis. “The possibility of continuing the cycle of monetary tightening in the developed economies once again depended, in the short term, on economic indicators and on the course of inflation, even though the banking problem is something totally present in the European bloc”, says a report by Infinity Asset. Initial plugin text

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