The dollar recedes and returns to R $ 3.85 with the easing of trade tensions abroad



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© Reuters. The dollar halted a string of six consecutive highs and rallied on Thursday to end at 3:00 pm (Reuters) – The dollar halted a string of six consecutive highs and pulled back Thursday to end at 3, 85 reais, following Donald Trump's statements about an agreement with China, inspired by concerns over the international trade war, after a day of worrying truce

. in sales, the largest daily decline in percentage since the decline of 2.35% occurred on October 8, the day after the first round of elections this year.

The currency was at least 3.8367 reais and at most 3.902 reais.

"International news has paved the way for many foreign investors to reduce a portion of their long (dollar-high) buying position in dollar terms, thereby guaranteeing a sharp decline in the Brazilian currency."

In recent weeks, investors have increased their weighted positions in dollars, in line with growing concerns over the US-China trade war and with slowing economic growth, a measure that has increased local prices and which was amplified by the seasonal nature of the period, with the allocation of corporate resources at its headquarters abroad.

However, on Wednesday, trade relations with China put the system under pressure. Trump said negotiations were underway with Beijing on the phone and that the US dollar would fall sharply against the real.

and it will not increase tariffs on imports from China until it is certain that an agreement will be reached.

A Canadian court on Tuesday granted a bond to Huawei's Vice President of Finance pending the extradition hearing to the United States.

In the afternoon, the eventuality of a country budget also strengthened the list of good news and possibility that the British Prime Minister, Theresa May, after the vote of censorship of its leaders.

Italy agreed to reduce its budget deficit target to 2.04% of GDP, from 2.40% at the beginning, and subsequently, believes in the approval of the EU budget.

The pound appreciated with this expectation around May and fell into the basket.

Internally, the information provided the day before by the federal Deputy Rogério Marinho (PSDB-RN), future Social Security Secretary of the Government Jair Bolsonaro, that he would seek to obtain

Investors also monitored the extraordinary session of the Federal Audit Office (TCU) to evaluate the process of examination of the expensive badignment contract between the government and Petrobras (SA). 🙂 The TCU however postponed its decision to 2019.

"The TCU has already given a favorable opinion to revise the painful badignment contract without Congressional approval, where the bill is blocked after states and municipalities have taken part of the product, "Commcor said in a report.

The OC sold 13,83,000 traditional currency swap contracts during this session, which equates to the future sale of dollars. In this way, he launched $ 5.532 billion out of a total of $ 10.373 billion earned in January

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