Dollar opens lower after US Congress approves suspension of US debt ceiling

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On the previous day, the US currency retreated 1.34% against the real, at R$5.0053. Dollar operates low Pixabay The dollar opened low this Friday (02), after the United States Senate approved the bipartisan agreement that suspends the country’s debt ceiling, of US$ 31.4 trillion, after weeks of deadlock between the Democrats, President Joe Biden’s party, and the Republicans. Investors are also awaiting the release of new employment data from the world’s largest economy, in an attempt to project what will be the next steps of the Federal Reserve (Fed, the American central bank) in relation to the country’s interest rates, today between 5.00 % and 5.25% per year. At 9:02 am, the US currency fell 0.16% to R$ 4.9974. See more quotes. On Thursday (01), the dollar fell by 1.34% and fell to R$ 5.0053. With the result, the US currency started to accumulate: High of 0.34% in the week; Drop of 5.17% 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? 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? On a day with an empty agenda in the domestic scenario, the dollar reflects, above all, the sentiment of foreign investors with the latest events in the United States. The Senate approved the suspension of the debt ceiling, after approval by the House on Wednesday (31), which was well received by the market, as it avoids a possible default by the US Treasury, which warned that it would run out of money in the next day 5, in case the agreement was not approved. Another important highlight of the day abroad is the job creation report, also in the United States. Specialists explain that, if the document indicates that the labor market remains heated, this may reflect negatively on the trading floor. With job creation still strong, prospects are that inflationary pressure should continue, as the population continues to earn income. If inflation persists, the Fed could continue with the cycle of hikes in interest rates, which are already at the highest level in 16 years. High interest rates in the United States benefit the dollar to the detriment of other currencies, mainly those of emerging countries, because investors prioritize American bonds, considered the safest in the world, and whose profitability is on the rise due to the cycle of monetary tightening. Initial plugin text

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