The dollar operates higher on Thursday (15), amid a more cautious global environment, with investors also eyeing clues about Brazil’s economic and fiscal health.
Abroad, the reduction of hopes for a new fiscal stimulus package in the USA before the presidential election and the return of restrictions around Europe in the face of the increase in Covid-19 cases caused greater risk aversion.
At 12:50, the US currency rose 0.21%, quoted at R $ 5.6110. At the maximum so far, it hit R $ 5.6473. See more quotes.
On Wednesday, the dollar closed up 0.37% to R $ 5.5991. In the accumulated result for the month, there was a fall of 0.34%. In the year, however, it accumulates appreciation of 39.64%.
In this trading session, the Central Bank will hold a traditional swap auction to roll up to 10,000 contracts maturing in April and July 2021, according to Reuters.
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In Europe, the United Kingdom and France have extended restriction measures to prevent further transmissions of the coronavirus, fueling fears of a second wave of contamination.
On the indicator agenda, the market awaits the release of data on weekly unemployment assistance applications in the USA.
Investors are also continuing to assess the prospects for a deal to combat the effects of coronavirus in the U.S. ahead of the November 3 election. US Treasury Secretary Steven Mnuchin said on Wednesday that reaching an agreement on the new fiscal package before the election will be difficult, as Democrats and Republicans remain distant on certain issues.
Around here, growing uncertainties about how the government would finance its economic aid program without breaking the spending ceiling, deepened by the delay in reforms in the midst of the pandemic, have dominated the attention of investors, being pointed out as some of the main factors of pressure on the real.
The Brazilian economy grew for the fourth consecutive month in August, according to figures released on Thursday by the Central Bank. The Economic Activity Index (IBC-Br), considered a “preview” of the Gross Domestic Product (GDP), showed growth of 1.06% in August, in comparison with July, below the expected by the market.
“Apparently the speed of recovery will slow down over the second half,” said Necton’s chief economist, André Perfeito.
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Dollar variation in 2020 – Photo: G1