Dollar opens lower on a day of reduced business on the eve of Black Friday

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The previous day, the North American currency rose 0.07%, quoted at R$4.9016. The main stock index on the Brazilian stock exchange closed up 0.33%, at 126,035 points. Dollar banknotes John Guccione/Pexels The dollar opened lower this Thursday (23), a day with an empty agenda and slower business due to the Thanksgiving holiday in the United States, which precedes Black Friday around the world whole. Some news coming from China and Europe – with emphasis on the Chinese government, which wants to contain increases in iron ore prices – have repercussions on the market. In Brazil, it is the political and fiscal scenario that remains on investors’ radar. See the day in the markets below. Understand what makes the dollar rise or fall Dollar At 9:15 am, the dollar fell 0.25%, quoted at R$4.8894. See more quotes. The previous day, the North American currency closed up 0.07%, sold at R$4.9016. As a result, it began to accumulate falls of: 0.10% in the week; 2.76% in the month; 7.13% in the year. Ibovespa Ibovespa only starts operating at 10am. The day before, the index closed up 0.33% and rose to 126,035 points, renewing its best level since July 2021. As a result, it accumulated gains of: 1.01% in the week; 11.40% in the month; 14.86% in the year. MONEY OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? What’s moving the markets? In a trading session with reduced liquidity due to the American holiday, eyes turn to other international and regional issues. Abroad, the highlight is China, which wants to contain the rise in iron ore prices. This drops the price of the commodity on the stock exchanges and impacts the shares of exporting companies, such as Vale. The very high price of ore affects investments in infrastructure in China – something that the government prioritizes – as construction uses a lot of the commodity. In Europe, the Eurozone’s composite Purchasing Manager’s Index (PMI), which brings together data from the industrial and services sectors, rose to 47.1 in November, according to S&P Global and Hamburg Commercial Bank. The indicator came in above expectations, but remains below 50 — the point that separates growth from contraction. In Brazil, it is the political and fiscal scenario that remains on investors’ radar. “In Brasília, the Senate’s Economic Affairs Committee (CAE) approved a bill that regulates sports betting (bets) and a tax proposal for exclusive and offshore investment funds”, highlights the BTG Pactual analysis team. Furthermore, the market is still reflecting the news that the Ministries of Finance and Planning announced an increase in the projected deficit in public accounts in 2023. The expectation of the economic area is that the primary deficit will remain at R$ 177.4 billion this year, against a previous projection, made in September, of a negative result of R$141.4 billion. With the increase in the deficit in public accounts, the “informal target” of the Minister of Finance, Fernando Haddad, becomes further away. In January, Haddad stated that the accounts would have a deficit of R$100 billion in 2023 – something around 1% of the Gross Domestic Product (GDP).

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