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The dollar closed lower on Wednesday (18) under pressure from the Fed's new president, Jerome Powell, on the pace of US interest rates. On Wednesday, Powell spoke to US MPs about the impacts of the trade war initiated by President Donald Trump and reinforced the message of the gradual increase in the country's basic interest rate.
day after a similar decision in the Senate, contains the appreciation of the dollar on emerging currencies. As US interest rates rise, investors tend to move away from riskier investments to safer investments in the United States.
The US currency fell 0.15% to R $ 3.88410. At the low of the day, it was traded at R $ 3.82.
The Brazilian stock market has already fallen by almost 1% after accumulating four consecutive trading sessions with no news of the economy. The Ibovespa closed at 77,362 points.
The negative performance of the day was driven by shares in the financial sector. Itaú shares fell by 1.31% and those of Bradesco by 3%
. In the coming days, investors should focus on the second quarter results, which began to be released on Wednesday. BTG Pactual has released an overview of financial sector results in Latin America, saying the credit cycle continues to favor Brazilian banks, with stronger growth in home loans helping to offset lower interest rates, while that defects maintain a tendency to fall. "The acute volatility during the quarter could lead to a lower performance compared to previous periods, but we are not expecting anything," badysts said.
Banco Santander's strategy team expects "decent" consolidated results, for the period from April to June, despite the truckers' strike.
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