Dollar opens the week stable

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On Friday, the US currency closed the session this Friday at a low of 1.07%, sold at R$ 5.2220. Dollar bills pasja1000/Creative Commons The dollar operates without a defined course this Monday (13), awaiting definitions on the country’s inflation targets. At 9:05 am, the US currency fell 0.11%, sold at R$ 5.2163. See more quotes. On the previous day, the US currency retreated 1.07%, sold at R$ 5.2220. With the result, the dollar started to accumulate a rise of 2.93% in the month and 1.45% last week and a fall of 1.06% 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? Around here, attention remains focused on rumors that the economic team is evaluating an early review of the country’s inflation targets. The National Monetary Committee (CMN) meeting that will discuss the inflation target for 2026 is scheduled for June – but it may be brought forward and review the targets already established for previous years. The markets have been very sensitive to President Luiz Inácio Lula da Silva’s (PT) criticism of the Central Bank, which has increased volatility in recent days and reinforced more pessimistic positions by local investors. The independence of the BC was established, by law, in 2021, and establishes the four-year term of office for the president of the BC and aims to shield the body from party-political pressures. Financial market economists raised inflation estimates for this year and 2024, and also began to project a smaller drop in the basic interest rate, the Selic. For this year, the inflation expectation increased from 5.78% to 5.79% in the ninth consecutive rise of the indicator. In 2023, the central inflation target was set at 3.25% by the National Monetary Council (CMN) and will be considered formally met if it fluctuates between 1.75% and 4.75%. If confirmed, this will be the third year in a row that the inflation target has been exceeded, that is, in which the IPCA is above the ceiling set by the target system. In 2022, inflation amounted to 5.79%. Currently, the Selic rate is 13.75% per annum. The Copom has also been signaling that interest rates will remain high for a longer period. The financial market raised expectations for the economy’s basic interest rate, the Selic, from 12.50% to 12.75% per year by the end of 2023. READ ALSO Brazil has the highest real interest rates in the world; why doesn’t the rate drop? UNDERSTAND: How does a new interest rate hike by the Fed affect Brazil? BACKGROUND: The performance of the real was worse in the Dilma and Bolsonaro governments Initial plugin text

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