The price of the US Dollar rises for the second consecutive day against the Brazilian Real.
USD/BRL rises to a two-day high of 6.1559 on Wednesday after testing a daily low of 6.1016.
At the time of writing, the price of USD/BRL is trading above 6.1321, gaining 0.51% so far this day.
Brazil’s industrial production falls 0.6% monthly in November, focus turns to inflation
- Today Brazil published industrial production data for November. The monthly indicator has fallen 0.6% compared to the 0.5% expected, while the annual indicator has grown 1.7%, slightly below the estimated 1.8%.
- The focus in the coming days turns to retail sales and inflation in Brazil. The first will be published tomorrow, Thursday, estimating an increase of 0.1% monthly compared to 0.4% in October. For its part, the Consumer Price Index (CPI) for December will be known on Friday. In November, the indicator grew by 0.39%.
- In the United States, the ADP private employment data for the month of December. The indicator generated 122,000 jobs, below the 140,000 expected. Later in the day, the Fed minutes could generate volatility in the USD/BRL.
economic indicator
HICP inflation
The inflation indicator published by Brazilian Institute of Geography and Statistics captures price movements. Similar to the CPI, the inflation measure also includes personal computers, new cars and airline tickets, while excluding owner-occupied homes and council taxes. Generally, a high reading is bullish for the BRL, while a lower reading is bearish.
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.
