Dollar opens with strong volatility this Monday

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Last Friday, the US currency rose 0.13%, sold at R$ 4.7777. In the week, however, retreated 0.85% against the real. Dollar Pixabay The dollar opened with volatility this Monday (26), oscillating between highs and lows, in a day with a weaker agenda in Brazil and in the world, but with investors in anticipation of economic data that should come out in the next few days. In the internal scenario, emphasis should be placed on the revision of expectations for inflation and for the Gross Domestic Product (GDP) by the Focus Bulletin. Abroad, attention is focused on the possibilities of a global recession, with weaker data from several economies. At 9:10 am, the US currency rose 0.02%, quoted at R$ 4.778. See more quotes. Last Friday, the dollar had a slight increase of 0.13%, at R$ 4.7777. As a result, the currency began to accumulate falls of: 0.85% in the week; 5.82% in the month; 9.48% in the year. 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? The week began with the release of the Boletim Focus, a report by the Central Bank of Brazil (BC) that gathers the estimates of economists in the financial market for the main indicators in the country. In this edition, the projections for the Extended Consumer Price Index (IPCA) of 2023 fell for the sixth consecutive week, to 5.06%. For next year, expectations were also reduced and now point to an inflation of 3.98%. As for GDP, the prospects have improved for the seventh week. Economists expect Brazil to grow 2.18% this year and 1.22% in 2024. The projections for the Selic, basic interest rate, remained the same, however. Despite the announcement of the last meeting of the Monetary Policy Committee (Copom) having presented a harsher tone than expected, with no signs of cuts in interest rates, the market forecasts a Selic rate of 12.25% per annum until December and 9 .50% per annum at the end of next year. Still on interest rates, investors await the release of the minutes of the Copom meeting, which should bring more details on the direction of Brazilian monetary policy in the coming months.

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