Dollar operates with volatility and Ibovespa rises, awaiting interest rate decisions

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The day before, the North American currency closed with an increase of 0.69%, quoted at R$5.0474. The main stock index on the Brazilian stock exchange closed with a decline of 0.68%, at 112,532 points. bearfotos/Freepik The dollar operated with volatility this Tuesday (31), as investors continue to expect the monetary policy decisions of the Federal Reserve (Fed, the North American central bank) and the Central Bank of Brazil, both scheduled for tomorrow. On the agenda, inflation data and the Gross Domestic Product (GDP) of the euro zone were also on the radar, as well as possible new signals about the Brazilian fiscal framework. Ibovespa, the main stock index on the Brazilian stock exchange, B3, was on the rise. See the day in the markets below. Dollar At 12:13 pm, the US currency rose 0.01%, quoted at R$5.0481. See more quotes. In addition to the national and international macroeconomic scenario, the volatility seen in the currency can also be explained by this being the last session of the month, when the dispute for the formation of the November Ptax (reference exchange rate calculated by the Central Bank) takes place. The day before, the dollar closed up 0.69%, quoted at R$5.0474. With this result, the currency began to accumulate: gains of 0.69% in the week; increase of 0.41% in the month; drop of 4.37% in the year. Ibovespa At the same time, Ibovespa was up 0.87%, at 113,513 points. The day before, the index closed the session with a drop of 0.68%, at 112,532 points. With the result, it started to accumulate: drop of 0.68% in the week; decline of 3.46% in the month; gain of 2.55% 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? What’s moving the markets? The main highlight of this Tuesday (31) continues with expectations for interest rate decisions by the Fed and the Brazilian BC, both scheduled to be released tomorrow. Despite the expectation that the North American BC will leave loan costs unchanged, the main focus of investors will be on the signals made by the institution about the next steps in the monetary policy of the largest economy in the world. Here, analysts estimate that the Monetary Policy Committee (Copom) will once again reduce the country’s basic interest rate (Selic), maintaining a cautious pace of monetary easing. Furthermore, in the domestic scenario, investors remain attentive to possible signs about the country’s fiscal framework. This Tuesday, the Minister of Finance, Fernando Haddad, again avoided answering whether the 2024 fiscal target could be changed. The topic has been in the market’s focus after President Luiz Inácio Lula da Silva (PT) stated, last Friday (27), that the government will “hardly” achieve the target of zero deficit in its accounts in 2024. Since So, Minister Haddad, who has defended the adoption of measures to achieve the goal, has been the target of questions on the topic. The government’s political wing defends changing the target, fearing the impact of restrictions on public accounts on next year’s expenses. Corporate balance sheets are also on the radar. On the agenda of indicators, a highlight is the Continuous National Household Sample Survey (Pnad), released this Tuesday by the Brazilian Institute of Geography and Statistics (IBGE). The indicator showed that the country’s unemployment rate fell to 7.7% in September and that Brazil records a historic record of employed workers. Abroad, attention is focused on new inflation and activity data from the euro zone. This Tuesday, Eurostat (the European Union’s statistical service) reported that the region’s inflation fell to its lowest level in two years in October, helping to consolidate the market’s view that the European Central Bank (ECB) interest rates should no longer be raised. Eurozone GDP rose 0.1% in the third quarter compared to the same period of the previous year. Compared to the three immediately previous months, the drop was 0.1%.

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