Dollar operates in a slight fall, with American inflation and fiscal target on the radar; Ibovespa rises

Dollar operates in a slight fall, with American inflation and fiscal target on the radar;  Ibovespa rises

On Tuesday, the US currency fell 0.95%, quoted at R$4.8614, the lowest level since September. The main stock index of the Brazilian stock exchange advanced 2.29%, to 123,166 points, in the highest closing since August 2021. Dollar operates lower this Thursday. Pixabay The dollar is operating slightly lower this Thursday (16), on the return of the holiday in Brazil, with the market still reflecting inflation data from the United States that pleased investors. The day on the domestic scene is marked by discussions about the zero fiscal target, a desire of Finance Minister Fernando Haddad, but which encounters impasses in other wings of the government. Ibovespa, the main stock index of the Brazilian stock exchange, B3, is operating on the rise. See the day in the markets below. Understand what makes the dollar rise or fall Dollar At 11:50 am, the dollar fell 0.33%, quoted at R$4.8456. See more quotes. Last Tuesday (14), the North American currency closed down 0.95%, sold at R$4.8614. As a result, it began to accumulate falls of: 1.08% in the week; 3.56% in the month; 7.89% in the year. Ibovespa At 10:45 am, Ibovespa rose 0.77%, to 124,111 points. Last Tuesday (14), the index rose 2.29%, to 123,166 points, the highest level since August 2021 and driven by the shares of Vale, Azul, Grupo Vamos and Companhia Siderúrgica Nacional (CSN). As a result, it began to accumulate increases of: 2.15% in the week; 8.56% in the month; 12.24% in the year. MONEY 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? The financial market continues to reflect the latest data on North American inflation, which had zero variation in October, showing a slowdown in relation to the 0.4% increase observed in September and below expectations. More controlled inflation changed investors’ perspectives on the direction of interest rates in the United States. Now, there is a further projection that the Federal Reserve (Fed, the American central bank) could begin a cycle of cutting rates in the first half of next year. Lower interest rates in the world’s largest economy also reflect on the profitability of the country’s public bonds, considered a security reference. This movement tends to favor risky assets, such as foreign currencies against the dollar and stock markets, for example. Another piece of news that stands out in this session is that the government has given up on changing the fiscal target for the year 2024 by amendment, according to the newspaper O Globo. This would give Minister Fernando Haddad more time to process measures that could increase federal revenue in the National Congress. On the negative side, the day is also marked by greater pessimism coming from China. Prices for new homes in the country fell for a fourth month in October, according to official data. The result is a reflection of government support measures, which have done little to dispel the problems looming over the debt-burdened real estate sector. Data released on Wednesday (15) also showed a sharp drop in real estate investment, while industrial production and retail sales continued to recover.

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