Dollar operates at a high, with the prospect that interest rates in the US may take time to fall; Ibovespa rises

[ad_1]

The previous day, the North American currency fell 0.07%, quoted at R$4.9680. The main stock index on the Brazilian stock exchange ended up 0.62%, at 127,804 points. Dollar rises slightly Pexels The dollar is rising this Friday (16), reflecting new statements from members of the Federal Reserve (Fed, the American central bank), who ruled out the possibility of a cut in United States interest rates in shortly. In the domestic scenario, the market also reflects unemployment data in Brazil. In the last quarter of 2024, only two states saw a drop in the unemployment rate, according to the Continuous Quarterly National Household Sample Survey (PNAD), by IBGE. Ibovespa, the main stock index on the Brazilian stock exchange, B3, operates with volatility, oscillating between slight highs and lows. See below for a summary of the markets. Dollar At 10:45 am, the dollar rose 0.30%, quoted at R$4.9828. See more quotes. The previous day, the North American currency fell 0.07%, quoted at R$4.9680. With the result, it accumulated: increase of 0.15% in the week; gain of 0.62% in the month; increase of 2.38% in the year. Ibovespa At the same time, Ibovespa fell 0.06%, to 127,725 points. The day before, the index closed with an increase of 0.62%, at 127,804 points. With the result, it accumulated: drop of 0.17% in the week; increase of 0.04% in the month; decline of 4.76% in the year. 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? Understand what makes the dollar rise or fall What is moving the markets? The doubt about when the Fed should start the cycle of cutting its interest rates, currently between 5.25% and 5.50% per year, continues to dominate business in this Friday’s trading session. Yesterday, the president of the Atlanta Fed, Raphael Bostic, stated that the institution has already made “substantial and gratifying progress in slowing the pace of inflation”, but that this movement should happen more slowly than the market expects. This, in practice, means that the American central bank may still take some time to start its cycle of cuts, long awaited by the market. The expectation is that the cuts will begin in the first half of this year. “It is likely that we will soon consider the appropriate time for monetary policy to become less restrictive,” Bostic said. “Right now, a strong labor market and macroeconomy offer the chance to execute these policy decisions without overwhelming urgency.” Also on Thursday, some economic indicators from the United States moved the markets. The country’s Commerce Department reported that retail sales fell 0.8% in January, more than analysts expected, a drop of 0.1%. Industry sales were pressured by car dealerships and gas stations, and also hurt by winter storms. December data was revised downwards, showing that sales increased 0.4% instead of the 0.6% initially predicted. Production in the country’s factories registered a drop of 0.5% last month, compared to analysts’ stable forecast. In this case, the decline was driven by cold weather, according to the Fed. In addition to offering a better view of the current scenario in the world’s largest economy, this data also helps the market understand what the next steps should be in driving interest rates north. -Americans on the part of the Fed. In Brazil, the IBGE released new data from the Contínua PNAD, with the country’s labor market scenario. In the last quarter, the states of Rio de Janeiro (from 10.9% to 10%) and Rio Grande do Norte (from 10.1% to 8.3%) were the only ones in which unemployment had a significant statistical drop between the months of October and December. In Rondônia (from 2.3% to 3.8%) and Mato Grosso (from 2.4% to 3.9%) there was an increase. In the other UFs, no significant variation was recorded. It is worth remembering that Brazil ended the quarter ended in December with an unemployment rate of 7.4%, the lowest level for the period since 2014 and with a historic record of employed workers.

[ad_2]

Source link