See the dollar quote today – 05/11/2023 – Market

The dollar rose against the real this Thursday (11) after a day of losses with the release of inflation data in the United States. The currency follows the external trend after data raised concerns about China’s economic recovery, while the market follows the course of the fiscal framework in Congress.

At 10:05 am (Brasília time), the spot dollar advanced 0.59%, to R$ 4.9782 on sale. On the B3, at 10:05 am (Brasília time), the first contract dollar futures contract rose 0.61%, to R$ 4.9990.

This high was in line with the strong appreciation of the dollar against several currencies considered risky, such as Australia, South Africa, Mexico and Chile, sensitive to commodities and the economic health of China.

China’s consumer prices rose at the slowest pace in more than two years in April as deflation at factory gates deepened, data showed on Thursday.

The Brazilian stock exchange closed higher this Wednesday (10), marking the fifth consecutive session of gains – in an accumulated increase of 5.5%.

On the day, the Ibovespa rose by 0.31% to 107,448 points.

In futures markets, interest rates for January 2024 rose from 13.24% to 13.26%. Contracts maturing in 2025 fell from 11.76% to 11.70%, and those from 2026, from 11.44% to 11.34%.

The dollar continued to fall this Wednesday after the announcement that the US consumer price index rose 0.4% in April, in line with market expectations. In the 12 months through April, the index rose 4.9%, after advancing 5.0% year-on-year in March.

The numbers signal a relief in US inflation and reinforce expectations that the Fed (Federal Reserve, the US central bank) should keep the country’s interest rate unchanged at its next meeting.

An eventual easing of interest rates by the Fed could benefit the real and other currencies of emerging countries, which would become more attractive when compared to the dollar.

With Reuters