Dollar operates in fall in the ‘super fourth’, of setting interest rates in Brazil and the USA

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On the eve, the US currency advanced 1.18%, quoted at R$ 5.0462. Dollar banknotes John Guccione/Pexels The dollar operates in decline this Wednesday (3), the day of decisions on basic interest rates in Brazil and the United States. Expectations are that the Central Bank of Brazil (BC) will maintain the Selic rate at 13.75%, while the Federal Reserve (Fed, the US central bank) should raise its interest rates by 0.25 percentage points. At 9 am, the American currency retreated 0.36%, quoted at R$ 5.0279. See more quotes. The day before, the dollar closed up 1.18%, quoted at R$5.0462. With the result, the currency started to accumulate: High of 1.18% in the week and in the month; Low of 4.39% in the year. READ ALSO: Falling dollar: understand if it’s time to buy the currency and the main perspectives ahead 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 that tourism is more expensive? DOLLAR: When is the best time to buy the currency? MONEY OR CARD? What’s the best way to take dollars on trips? Flourish – visualization/12328526?1311653 What’s messing with the markets? Despite all the expectations for “Super Wednesday”, investors are less apprehensive about the interest rate results than about the messages that will be sent by the monetary authorities this Wednesday. In Brazil, agents assess that economic activity data and core inflation measured by the IPCA-15, released last week, may push away a more serene tone from the Central Bank and take away some of the clarity of the intentions of the Monetary Policy Committee ( Copom) for the next meeting. “In addition, the current fiscal issue has not yet been defined and, therefore, does not make room for relief at the apex of the interest curves in order to allow the resumption of monetary easing before the second half of this year, with possible cuts from August,” says Infinity Asset’s analysis. For the analysis house, including, the cuts in the second semester can only continue depending on the direction of the fiscal framework and if its focus will continue on the search for revenues and not on the reduction of expenses. Initial plugin text

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