Dollar operates higher awaiting US economic data; Ibovespa falls

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The previous day, the North American currency fell 0.97%, quoted at R$4.9329. The main stock index on the Brazilian stock exchange ended up 1.61%, at 131,689 points, the highest level since January 8th. Panel shows market variation at B3, in São Paulo. Amanda Perobelli/Reuters The dollar operates higher this Wednesday (28), awaiting the release of new economic data in the United States, with emphasis on the Gross Domestic Product (GDP) for the last quarter of 2023 and the PCE inflation indicator of January. Ibovespa, the main stock index on the Brazilian stock exchange, B3, opened lower. See below for a summary of the markets. Dollar At 10:15 am, the dollar rose 0.30%, quoted at R$4.9476. See more quotes. The day before, the North American currency fell 0.97%, trading at R$4.9329. With the result, it accumulated: drop of 1.19% in the week; increase of 0.09% in the month; increase of 1.66% in the year. Ibovespa At the same time, Ibovespa fell 0.32%, to 131,274 points. The day before, the index rose 1.61%, to 131,689 points, the highest level since January 8, when it reached 132,427 points. With the result, it accumulated: increase of 1.75% in the week; increase of 3.08% in the month; decline of 1.86% 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 market continues to await important economic data that will be released throughout the week. The main one is the core PCE prices for January, in the United States, scheduled for Thursday (29). This reading will come after data recently showed signs of resilience in activity and inflation in the world’s largest economy, leading markets to postpone bets on the start of monetary easing in the US.

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