- The USD/BRL rebounds at maximum of May 8 in 5,7054.
- Scott Besent, Secretary of the United States Treasury, announced a tariff pause with 90 -day China.
- The dollar index rebounds 1.39% today, reaching maximums not seen since April 10 in 101.98.
- The operators will be attentive to the United States consumer price index, to make themselves known tomorrow.
- The economic agenda of Brazil contemplates the publication of retail sales on Thursday, May 15.
The Brazilian real depreciates in the first day of the week, falling to minimums not seen since May 8.
The USD/BRL currently quote at 5,6918, winning 0.70% daily.
The United States and China achieve a commercial agreement and tariff rates decrease
The US Treasury Secretary, Scott Besent announced the relaxation of commercial tensions with China by decreasing 30% tariff rates from 145%. Similarly, China has pledged to adjust its rates to 10% from 125%, both adjustments have a period of 90 days.
After this news, the dollar index (DXY) rises 1.35% today, reaching maximums not seen since April 10 in 101.98.
Investor’s gaze will be concentrated tomorrow in the publication of the US consumer price index. The consensus expects 0.3% to increase in April, after registering a decrease of 0.1% in March.
On the other hand, the Brazilian Institute of Geography and Statistics will announce March retail sales, analysts project a 1% increase compared to 0.5% observed the previous month.
USD/BRL Price levels
The USD/BRL formed a short -term resistance given by the maximum of May 7 in 5,7629. The next key resistance is observed in 6,0930, maximum of April 9. To the south, the important support is in 5,5950, pivot point of April 3.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
