Dollar opens slightly higher this Thursday, another day of empty schedule

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On the eve, the US currency fell by 0.48%, sold at R$ 4.7856. Dollar banknotes Alexander Mils/Pexels The dollar operates at a slight high this Thursday (20). At 9:05 am, the US currency rose 0.24%, quoted at R$ 4.7971. See more quotes. The day before, the dollar fell by 0.48%, sold at R$4.7856. With today’s result, the currency started to accumulate: drops of 0.20% in the week, 0.07% in the month and 9.33% in the year. 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? Brazil has another day with an empty agenda, without the release of relevant indicators, with a recess in the National Congress and with President Luiz Inácio Lula da Silva (PT) returning from a trip abroad. This Wednesday (19), Lula went to Cape Verde and met with the country’s president, José Maria Neves. It was Lula’s first appointment in Africa in this third presidential term. On his return from a trip to Belgium, the Brazilian president scheduled a quick visit to the country, an archipelago off the African coast that, like Brazil, is part of the Community of Portuguese Language Countries (CPLP). Lula left Brussels, capital of Belgium, at dawn this Wednesday, where he participated in the summit of leaders of the European Union and countries of the Community of Latin American and Caribbean States (Celac). Abroad, markets dawn cautiously after the release of results from two big techs: Tesla and Netflix. S&P 500 and Nasdaq futures fell on Thursday. Tesla CEO Elon Musk signaled late on Wednesday that he will cut prices on electric vehicles again in “turbulent times”, even as his price war squeezes the company’s own margins. Shares of the electric car maker were down 3.5% in pre-opening trade after Musk’s comments, even as Tesla beat quarterly profit estimates. “Amidst the macroeconomic backdrop of sluggish global growth and consumer weakness, Tesla has been slashing prices several times to try to preserve demand. However, this has weighed on their profit margins,” Victoria Scholar, head of investment at Interactive Investor, told Reuters. Netflix was down 7% after disappointing Wall Street with second-quarter revenue, which fell short of analysts’ estimates. Among commodities, iron ore futures rallied on Thursday amid market talk of further support for China’s real estate sector, although concerns over oversupply and weak demand limited gains. “Optimists are now betting their money on rumors that regulators are considering plans to ease mortgage restrictions to restart the economy’s engine of growth,” Atilla Widnell, managing director of Navigate Commodities, told Reuters. “That said, officials are forgetting how damaged and broken consumer confidence is after years of zero-Covid policy restrictions and delayed real estate projects,” added Widnell.

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