Dollar opens lower after release of Copom minutes

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On the previous day, the US currency advanced 1.38%, quoted at R$ 5.0114. The dollar opened lower this Tuesday (9), after the release of the minutes of the last meeting of the Monetary Policy Committee (Copom). The document says that “the presentation of the fiscal framework reduced the uncertainty associated with extreme scenarios of public debt growth”. At 9:02 am, the American currency fell 0.13%, quoted at R$ 5.0050. See more quotes. The day before, the dollar was up 1.38%, at R$5.0114. With the result, the currency started to accumulate: High of 1.38% in the week; Gains of 0.48% in the month; Low of 5.05% in the year. In the stock market, the Ibovespa rose 0.85% in the session this Monday (8), reaching the level of 106 thousand points. READ ALSO: Falling dollar: understand if it’s time to buy the currency and the main perspectives ahead 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 that tourism is 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? Tuesday began with the release of the Copom minutes, after the meeting in which the collegiate maintained the Selic rate at 13.75% per year, last week. The committee stated that the approval of a “solid and credible” fiscal framework by the National Congress could help in the fight against inflation by reducing expectations of pressures on prices and uncertainty in the economy. However, the minutes reiterated that Brazilian inflation remains under pressure and that it may rise again with more force in the second half of the year. The market also continues to echo the appointment, the day before, of Gabriel Galípolo, Fernando Haddad’s current right-hand man at the Ministry of Finance, to the monetary policy directorate of the Central Bank of Brazil. In an interview with the podcast O Subject, Solange Srour, chief economist at Credit Suisse Brasil, stated that “the statements he (Galípolo) will make will be very important, as well as the first actions of the Central Bank, so that the market sees him as someone not so dependent on the Ministry of Finance.” Who is Gabriel Galípolo Initial plugin text

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