Dollar operates low, with increased projections for 2023 GDP

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Last Friday, the US currency closed down 0.20%, sold at R$4.9400. Dollar banknotes John Guccione/Pexels The dollar operates in low this Monday (4), in a shorter week due to the Independence Day holiday, which happens next Thursday. The day in the markets is quieter, because the American markets do not operate today. Around here, Brazilian investors echo new projections put together by the Central Bank of Brazil for the country’s economy, with emphasis on a greater perspective of growth this year. At 9:40 am, the US currency fell 0.17%, quoted at R$ 4.9315. See more quotes. Last Friday (1st), the dollar closed the trading session with a low of 0.20%, sold at 4.9400. With the result, the currency rose 1.33% last week, but started to accumulate: drops of 0.20% in the month; drop of 6.40% in the year. 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? The day is of less liquidity and volatility due to the Labor Day holiday in the United States, which means that American markets do not open and, therefore, the volume of investors trading throughout the day is much lower. However, in Brazil, the week begins with the market still reflecting the Gross Domestic Product (GDP) figures for the second quarter, which rose 0.9%, according to the Brazilian Institute of Geography and Statistics, more expressive growth than the projected by analysts, of 0.3%. In addition, investors are also keeping an eye on the latest Focus Bulletin, a report by the Central Bank of Brazil (BC) that gathers the projections of several financial institutions for the main economic indicators in the country. With last Friday’s result well above expectations, expectations for GDP in 2023 rose from a growth of 2.31% to a growth of 2.56%. Meanwhile, for 2024, estimates went from 1.33% to 1.32%. But it wasn’t just the projections for this year’s GDP that went up in the last week: now, analysts see a Broad Consumer Price Index (IPCA), considered Brazil’s official inflation, at 4.92% by end of the year, from an expectation of 4.90% previously. This upward revision of inflation comes after Petrobras announced an increase in fuel prices in August. If the projections materialize, inflation will end 2023 above the Central Bank’s target, which is 3.25%, ranging from 1.75% to 4.75%. Understand what makes the dollar rise or fall

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