THE dollar rises this Friday (14), but should close the week on a low, after reaching the lowest price since November 2021 the day before. Behind the movement is the reduction of fears on the part of investors regarding the increase in interest rates in U.S.
At around 9:20 am, the US currency was up 0.09% at R$5.534. The dollar futures contract traded on B3 of first maturity rose 0.11% to R$5.534.
On Thursday (13), the dollar closed down by 0.13%, quoted at R$ 5.528. THE Ibovespa advanced 0.15%, to 105,529.50 points.
The possibility of the federal government increase spending amid the claim of readjustment by public servers remains on the radar of investors, due to the risk of fiscal uncontrolled.
Federal public servants organize themselves to carry out a possible strike on the 18th. The movement, supported by 37 associations and unions, aims to pressure the government for a salary readjustment and threatens to promote an indefinite strike in February, if it is not met.
In relation to abroad, the main factor influencing the behavior of the dollar is still the expectation around the rise in interest rates in the United States.
the president of Federal Reserve, Jerome Powell said on Tuesday (11) that the US economy is ready for a tighter monetary policy, but that it could take several months before the authorities make a decision on the balance sheet reduction of about US$ 9 trillion.
The speeches of Powell eased investors’ fears and helped the recovery from losses after the release of the minutes of the last council meeting, along with an inflation data in line with expectations. Even so, the market already expects an interest rate hike in March.
Higher interest rates further increase the attractiveness of US Treasuries, which are naturally welcomed by investors due to their safety. The prospect of an increase leads to the outflow of capital from other markets, such as Brazil.
In this auction, the central bank will auction up to 17 thousand traditional foreign exchange swap contracts for the purpose of rolling over the expiration date on March 2, 2022.
*With information from Reuters
Reference: CNN Brasil
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