Dollar rises and hits R$5.05 on the eve of Super Wednesday; Ibovespa opens higher

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The previous day, the North American currency advanced 0.57%, quoted at R$5.0258, the highest level in almost five months. The main B3 stock index ended up 0.17%, at 126,954 points. Dollar operates on the rise Karolina Grabowska The dollar operates on the rise this Tuesday (19), on the eve of another Super Wednesday, when the central banks of Brazil and the United States announce their monetary policy decisions. The expectation is that, in Brazil, the Monetary Policy Committee (Copom) will reduce the Selic, the basic interest rate, by 0.5 percentage points, which would take it to the level of 10.75% per year. In the United States, the market expects the Federal Reserve (Fed, the American central bank) to keep its rates unchanged between 5.25% and 5.50% per year. Attention will also be focused on the institution’s statement after the meeting, which could bring more signals about the future of interest rates in the country. Ibovespa, the stock exchange’s main stock index, opened the day on a high. See below for a summary of the markets. Dollar At 10:05 am, the dollar rose 0.39%, quoted at R$5.0452. At the high of the day, it was R$5.0549. See more quotes. The previous day, the North American currency rose 0.57% and closed the day at R$5.0258, the highest level since October last year. With the result, it accumulated: increase of 0.57% in the week; gain of 1.07% in the month; increase of 3.57% in the year. Ibovespa At the same time, Ibovespa was up 0.34%, at 127,383 points. The day before, the index rose 0.17%, to 126,954 points. With the result, it accumulated: increase of 0.17% in the week; decline of 1.60% in the month; and a drop of 5.39% in the year. Understand what makes the dollar rise or fall 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? Investors are still keeping an eye on Super Wednesday, when the Central Bank of Brazil (BC) and the Federal Reserve (Fed, the North American central bank) are expected to announce their new interest rates. In Brazil, the Selic rate is at 11.25% per year and the market expectation is that the Monetary Policy Committee (Copom) will promote a new cut of 0.5 percentage points, taking the rate to 10.75% per year . In the United States, on the other hand, the expectation is that the Fed will keep its interest rates unchanged between 5.25% and 5.50% per year. The attention, however, is more focused on the statement that the institution will release after the meeting, because that is where investors can get a glimpse of the possibilities for rates in the coming months. There is a lot of market expectation about when the Fed should start the cutting cycle in the United States. Most investors and experts expect this to happen in the first half of this year. Furthermore, the market is also reflecting the most recent monetary policy decision by the Central Bank of Japan, which decided to end the negative interest rate policy and announced the rate hike for the first time in 17 years, this Tuesday. Even with the increase, the Japanese interest rate will remain close to zero, varying between 0% and 0.1%. The increase was the first since February 2007. With the change, the Central Bank of Japan becomes the last to exit negative rates, which were at -0.1%.

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