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Among the emerging markets, the real is among the most devalued currencies against the dollar, ahead of only the Argentine peso and the Turkish lira
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Analysts say the start of a holiday in the northern hemisphere is expected to leave the market (Ricardo Moraes / Reuters)
The Dollar recorded a new high of 0.48% and closed the month of June with an appreciation of 3.88%, to 3.8777 reais. In the first half, the US currency rose 16.96%, putting Real among the weaker currencies against the dollar in the main emerging markets, behind the Argentine peso (+ 55%) and the Turkish lira (+21 Friday was a new day without intervention of the Central Bank in the exchange rate, and with that, he made five sessions without extraordinary exchange rate auctions swap (dollar sale in the futures market) an indication, according to experts, that the market has returned to a more normal operation.The peso against the Argentine peso and other emerging currencies such as Mexico, as well as the pending eventual announcements from the Central Bank .
put $ 43 billion in currency exchange since the beginning of May to try to calm the market, more than $ 3 billion in online auctions this week. the afternoon of On Friday, there were expectations in the trading tables for a possible announcement of BC's performance for the next few days, as has happened in recent weeks. In the case of new role auctions, however, operators see the possibility of fewer interventions from the institution, at least until August. Icatu vanguarda strategists see a more "erratic" performance, with the intention of providing only liquidity and avoiding market irrationality.
To Modal Asset Management's partner and director, Luiz Eduardo Portella, with the beginning of the holidays in the hemisphere the external market tends to become a little quieter, which facilitates the environment for Colombia -British. In addition, the executive points out that a factor of uncertainty in emerging markets should be resolved this weekend, with the election of Mexico. Left candidate Andrés Manuel López Obrador must win, as expected. The question, however, is whether he will have the majority in Congress. The Mexican peso has been under pressure in recent weeks and Obrador has begun to take a more centrist speech, as was the case with Luiz Inácio Lula da Silva in 2002.
In this Friday's session, the dispute over , which will mark the July contracts, determined the price rate until about 13h, when the benchmark, which was established at 3.85558 reais (+0.10 %), has been published. Then, after the formation of the benchmark, the dollar began to rise, with an eye on the outside, and renewed maxima. In addition to the increase over the Mexican peso, the dollar has reached historic levels of appreciation against the Argentine peso on Friday. British Columbia had to intervene mbadively to hold the peso, but without success, while the dollar rose more than 3% today in Argentina.
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