Economy

Dollar retreats; follow the quote this thursday

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The dollar fell against the real on Thursday (18), following a pause in a rally of the US currency abroad, as investors continued to digest the minutes of the Fed’s last monetary policy meeting (Federal Reserve, the central bank of the United States). United).

In the local scenario, investors remained attentive to the developments involving the electoral race. At 9:15 am (GMT), the spot dollar retreated 0.51%, to R$ 5.1419 on sale.

On B3, at 9:15 am (GMT), the first-maturity dollar futures contract dropped 0.48% to R$5.1615.

In this trading session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of October 3, 2022.

On Wednesday (17), the spot commercial dollar rose 0.52%, to R$ 5.1670 on sale, in a day of moderate strength of the American currency in relation to the main currencies.

At the maximum price of the day, the price reached R$5.2140, but lost strength as the market began to consider that the minutes had a favorable bias towards risk markets.

The world financial market ended the day divided between the security of the dollar and the risk of the stock markets of emerging economy countries, without pointing to a clear direction after the release of the minutes of the Fed meeting (Federal Reserve, the American central bank) held last month.

Unsurprisingly, the document reinforced the authority’s commitment to keeping interest rates high to control inflation in the United States.

Analysts’ interpretation was that the Fed’s rate could remain at high levels for a long time, but also that the agency is on track to achieve its goal without pushing the world into a deep recession.

On the Brazilian stock exchange, the Ibovespa index rose 0.17% to 113,707 points. Despite the timid gain, the indicator renewed its highest closing level since April 20 (114,343).

Still on the Brazilian stock exchange, Vale fell 2.46%, after a new devaluation of iron ore futures contracts on the Dalian and Singapore Stock Exchanges.

Petrobras’ preferred shares rose 2.34%, favored by higher oil prices.

Brent crude futures rose 0.77% earlier in the evening to $93.05 a barrel.

On American stock exchanges, the S&P 500 parameter indicator fell by 0.72%. The Nasdaq, with the highest concentration of technology stocks and the most affected by rising interest rates, lost 1.25%. The Dow Jones dropped 0.50%.

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