The dollar opened this Monday (25) lower against the real, following a similar movement observed in global currency markets, with investors focusing on the monetary policy meeting of the United States central bank, the Federeal Reserve, later this week. week.
At 9:09 am (GMT), the spot dollar retreated 0.53%, to R$ 5.4685 on sale.
On B3, at 9:09 am (GMT), the first-maturity dollar futures contract fell 0.61% to R$5.4755.
On Friday (22), the country’s stock and foreign exchange markets ended the day close to stability, on a day in which investors only adjusted their expectations for the rise in interest rates in the United States this week.
The Ibovespa, reference index of the Brazilian Stock Exchange, lost 0.12%, to 98,912 points. Despite the fall, the indicator accumulated an increase of 2.46% this week.
The perspective that caused the lull this Friday could be validated next Wednesday (27), if the Fed (Federal Reserve, the American central bank) confirms the market’s expectation.
“The market is already taking 0.75 percentage points from the Fed for next week for granted,” said Fernando Giavarina, head of foreign exchange at Valor Investimentos.
The expected hike in US interest rates will match the increase applied by the US monetary authority in June, the highest in nearly 30 years.
The process of raising interest rates is adopted by the main world economies in an attempt to slow down the inflation that has spread across the globe with the breakdown of supply chains during the pandemic.
Last week, the ECB (European Central Bank) raised the basic interest rate in the region by 0.50 percentage point, the first increase since 2011.
with Reuters
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