The dollar fell against the real in early trade on Wednesday (12), as investors digested domestic inflation data and awaited a reading from the US consumer price index, which could offer clues about the bank’s monetary policy trajectory. North American Center.
The IBGE reported this morning that the IPCA rose 1.06% in April, accumulating a gain of 12.13% in 12 months. The expectation in a Reuters poll was up 1.00% in the month and 12.07% in 12 months.
At 9:05 am (GMT), the spot dollar retreated 0.50%, to R$ 5.1088 on sale.
On B3, at 9:05 am (GMT), the dollar futures contract of the first month fell 0.46%, to R$ 5.1410.
The spot dollar closed the last session down 0.41%, at R$ 5.1343 on sale.
The last session was marked by the high level of volatility in global markets, with the Brazilian stock market pressured by the fall in steel stocks, after news that the government should eliminate the tax on steel imports.
The Ibovespa stock index fluctuated between losses and gains throughout practically the entire trading session, closing with a slight drop of 0.14%, at 103,109 points.
CSN Mineração led the losses on the day, with a drop of 7.16%. Following are the shares of Usiminas, with a devaluation of 6.78%, and CSN, which ended the day with a decline of 5.82%. Gerdau shares fell 4.36%.
With inflationary pressure on a global scale due to the conflicts of the Ukrainian War and the return of mobility restrictions in China, the government is looking for ways to try to reduce the rise in prices in Brazil.
In exchange, the dollar was also under intense volatility during the session, but returned part of the recent high to end this Tuesday’s trading session down 0.42% against the real, quoted at R$ 5.1340 for sale.
Abroad, the shares of the main stock exchanges in the United States closed without a defined trend this Tuesday (10).
In the United States, the S&P closed up 0.25% and the Nasdaq advanced 0.98%, while the Dow Jones closed down 0.26%.
Concerns from global investors about the risk of an economic recession caused by the slowdown in China and the rise in interest rates in the United States have returned to impose a tone of greater caution in the markets.
with Reuters
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