Dollar operates high, with an eye on the processing of tax reform and Fed minutes

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On the eve, the US currency advanced 0.21%, sold at R$ 4.8503. Dollar operates at a high Pixabay The dollar operates at a slight increase this Thursday (6), still reflecting the prospect of high interest rates abroad and awaiting the results of negotiations for the approval of the tax reform in Brazil. At 9:15 am, the US currency advanced 0.42%, quoted at R$ 4.8708. See more quotes. The previous day, the dollar closed up 0.21%, quoted at R$ 4.8503. As a result, the currency started to accumulate: Increases of 1.28% in the week and in the month; Drop of 8.10% 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? Markets start the day with reinforcement that additional monetary tightening measures are ahead. The result is one more day of high global long-term interest rates, while stock markets start to fall. The dollar, however, has a firm fall this Thursday morning, but exhibits an appreciation movement against emerging market currencies. On Wednesday, the Federal Reserve (Fed, US central bank) showed a conservative tone in the minutes of its last meeting, which reinforces indications of new highs in the coming months. It is the flagship of negative repercussions on the continuity of monetary tightening in developed economies. A series of indicators are expected for this Thursday, which may give north on the direction of interest rates. There are releases of activity indicators in the United States such as requests for unemployment benefits, job creation in the private sector (ADP report) in June; service indexes. The market is also awaiting the release of employment data in the United States, scheduled for next Friday. The data is an important indicator because, if it shows that the labor market remains heated in the world’s largest economy, inflation may remain for longer, leading to an increase in interest rates. In the domestic scenario, the course of negotiation of the economic agenda in the National Congress brought a profit-taking day on Wednesday. Attention remains focused on the progress of agendas such as voting on the text of the fiscal framework (which returned from the Senate) in the Chamber and, mainly, the definitions on the tax reform so that it can be voted on by Friday. According to Reuters, Arthur Lira and other deputies directly involved in the tax reform negotiations seek to demolish resistance so that the proposal, still without the necessary votes to be approved, is taken to the plenary of the House this week. Tax reform: why is Brazil one of the few countries in the world not to have a unified tax? Negotiations extend and frustrate “superweek” of voting in the Chamber

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