Dollar rises again; follow the quote this tuesday

The dollar rose against the real on Tuesday (9) as investors digested the minutes of the last monetary policy meeting of the Central Bank and reacted to the monthly IPCA deflation in July, while abroad, the mood was of expectation for data from US consumer prices.

At 11:28 (Brasília time), the spot dollar advanced 0.41%, at R$ 5.1350 on sale. In the stock market, the Ibovespa index was stabilized at 108,410 points.

The day before, while the US currency lost strength for the third time in a row, the Stock Exchange had a day of gains.

The Ibovespa rose 1.81%, reaching 108,402 points, the highest score for an index close since June 7.

An important part of the stock’s rise is a reflection of the 5.05% surge in Petrobras’ preferred shares, whose shares were the most traded in this session.

This week, information on the direction of interest rates in Brazil and abroad should guide the financial market.

Also this Tuesday, investors should look in the minutes of the Central Bank’s Copom (Monetary Policy Committee) for clues that may reinforce the expectation that the cycle of interest rate hikes in Brazil is coming to an end.

In the United States, the most awaited data is US consumer inflation, on Wednesday (10).

Last week, the US government surprised the market by releasing data on job creation that exceeded expectations for July.

This indicated that the US economy was not in recession, despite two consecutive quarterly declines in GDP (Gross Domestic Product).

Investors therefore again considered that the Fed (Federal Reserve, the American central bank) will maintain a similar level of increase in its interest rate from the last two meetings, of 0.75 percentage point.

New data on US inflation this week could provide clues as to whether or not the Fed will keep up the pace of monetary tightening.

with Reuters