Although the dollar has reached its lowest value since July last year – at R$ 5.129 –, this devaluation should not be sustained in the long term, according to the professor of the economics course at FGV, Joelson Sampaio.
In an interview with CNN Radiohe evaluated that “it is possible that the dollar will be below R$ 5”, but he called attention that the question of the dollar level is very different in Brazil.
“A variation in the range of R$4 would be better, but it varies in the range of R$5, a little while ago it was in the range of R$3, it may be a little lower, but is it sustained at this level? Hardly,” she said.
Joelson evaluated that, for something in the long term, he “enters the question of macroeconomic policies”: “The fiscal part has a great challenge, it is a year of challenges, adjustment of public accounts, the local economic environment, all of this greatly affects the exchange rate and presents a certain fragility that explains the very high level and makes life difficult for Brazilians, with inflation, for example.”
“The dollar is always very volatile, it has a lot of variation, next week it may change, depending on the course of the Ukraine crisis, for example”, he added.
The professor also cited the election year as a factor: “Even the election year usually has more volatility, risk, and it will be no different in 2022, the exchange rate variation is what we have to observe, the dollar will depreciate after recovering”
Source: CNN Brasil
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