Dollar opens with volatility this Friday

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The previous day, a record high, the main stock index on the Brazilian stock exchange reached 130,842 points, an increase of 1.06%. The North American currency fell 0.07%, quoted at R$4.9144. Dollar opens with volatility Pixabay The dollar operates higher this Friday (15), recovering part of the lows of recent days, but with the effects of the latest monetary policy decisions in Brazil and the United States still on investors’ radar. Here, the Monetary Policy Committee (Copom) reduced the Selic, the basic interest rate, by 0.5 percentage points, to 11.75% per year, and signaled other cuts. Outside, the Federal Reserve (Fed, the American central bank) kept its rates unchanged between 5.25% and 5.50% per year, but said that the cycle of increases may have already come to an end See the day in the markets below . Understand what makes the dollar rise or fall Dollar At 10 am, the dollar rose 0.47%, quoted at R$4.9973. See more quotes. The previous day, the North American currency closed down 0.07%, sold at R$4.9144. With the result, it started to accumulate: drop of 0.31% in the week; loss of 0.02% in the month; decline of 6.89% in the year. Ibovespa Ibovespa only starts operating at 10am. The day before, the index closed with an increase of 1.06%, at 130,842 points, at its highest historical level, influenced by shares of domestic consumption companies and Petrobras. With the result, it started to accumulate: increase of 2.95% in the week; advance of 2.76% in the month; gains of 19.24% in the year. Ibovespa closes at the highest level in history READ ALSO CASH 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? On the last day of the week, investors globally continue to reflect on the Fed’s decision to keep its interest rates unchanged last Wednesday. The measure was already widely expected by the market. However, this was what the institution’s president, Jerome Powell, said after the decision was announced that brought the most positive tone that has dominated business in recent trading sessions. According to Powell, the cycle of rising American interest rates may have come to an end, with signs of more controlled inflation in the world’s largest economy. He stressed that, if necessary, the Fed could raise rates again, but that is not what the market projects. Now, the expectations of experts and investors are that interest rates in the United States will begin to fall in the first half of 2024, which is beneficial for the economy and for risky assets, such as the stock markets and currencies of emerging countries. . “All indicators, in the quantitative and qualitative spheres, point to the early start of the campaign to reduce the Fed Funds rate. Therefore, we revised our projection with the aim of incorporating the good news and, thus, we estimate the debut in May, compared to June previously”, comments Antonio van Moorsel, chief strategist at Acqua Vero Investimentos. Still abroad, some economic data from China released today disappointed investors. Retail sales rose 10.1% in November, year-on-year, while expectations were for an increase of 12.9%. New house prices fell 0.37% in the same month. On the other hand, industrial production grew 5.9% on an annual basis, above expectations, an increase of 5.9%. In Brazil, investors also continue to reflect on the reduction in the Selic rate and the signal that new cuts are coming. With this perspective, the day before, the Brazilian stock market rose and recorded its highest historical closing, largely driven by domestic consumer companies, such as construction companies and retailers. Today, some political agendas are on the radar, with emphasis on the expected progress of tax reform and a provisional measure that increases government revenue in the National Congress.

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