Dollar opens the week stable

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On Friday, the US currency advanced 0.71%, to R$ 5.2071. Dollar Pixabay The dollar operates stable this Monday (23), with investors following signs about the economic policy of the Lula government and the global market worried about the possibility of a recession in the United States. At 9:11 am, the US currency rose 0.02%, quoted at R$ 5.2080. See more quotes. On Friday, the US currency rose 0.71%, to R$ 5.2071. With the result, the currency accumulated a high of 1.97% last week. In the year, however, the retreat is 1.34%. 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? Financial market economists raised their inflation estimate for this year from 5.39% to 5.48%. It was the sixth consecutive high of the indicator. The new increase happened after President Luiz Inácio Lula da Silva criticized the independence of the Central Bank and said that the current inflation target hinders growth – indicating that he can act to raise it. After that, the Minister of Institutional Relations, Alexandre Padilha, stated that there is no pre-disposition on the part of the government to make any changes to the institution. For this year, 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%. For the 2023 Gross Domestic Product (GDP) growth, the financial market raised its forecast from 0.77% to 0.79%. Abroad, caution remains with the risk of recession in the United States, with the market awaiting new speeches by Federal Reserve (Fed, the US central bank) leaders, which may indicate the course of interest rates in the country. Higher interest rates in the United States increase the yield on the country’s government bonds, which are considered the safest in the world. Thus, investors migrate to such investments, to the detriment of risky assets, such as the stock market and currencies of divergent countries – which helps to explain the devaluation of the real against the dollar. With inflationary pressure and higher interest rates, the perception of risk that the United States faces an economic recession also grows. Initial plugin text

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