Dollar retreats with truce abroad and closes at R $ 3.85 – 12/12/2018 – Market



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The truce in the trade war between the United States and China, based on statements by US President Donald Trump, led to the decline of the dollar on Wednesday and the return to the $ 3.85 level. The Brazilian stock market has also grown in parallel with the outside world.

The US currency has interrupted a series of six consecutive highs. In closing, loses 1.73% to R $ 3.8530. On a basket of 24 emerging currencies, the dollar lost value to 22 of them. Real was the second-best winner on Wednesday, behind the South African rand.

In recent weeks, investors have increased their dollar-weighted positions, in line with growing concerns over the US-China trade war and the global economic slowdown, a move that has increased local prices and has been amplified by seasonality.

On Wednesday, however, Donald Trump's more moderate statements about trade relations with China depressurized the market and ensured the sharp decline of the dollar.

In an interview with Reuters, Trump said that negotiations were underway with Beijing over the phone and that it would not increase tariffs on imports from China as long as it was not. he would not be sure of an agreement. Ministry of Justice case against the executive of Chinese Huawei Technologies if it is in the interests of national security or

A Canadian court on Tuesday granted bail to Huawei's vice president of finance in waiting for the extradition hearing in the United States.

In the afternoon, possibility of an agreement between the European Union. and Italy with regard to the country's budget have also reinforced the list of good news as well as the possibility that British Prime Minister Theresa May may remain in office after the censorship vote of her leadership

At the same At that time, he was satisfied with the information provided by Rogério Marinho (PSDB-RN), future Secretary of Social Security Administration Jair Bolsonaro, who will seek the approval of a pension reform over the next few years. first six months of the new government

Investors also attended the extraordinary session of the Court of Accounts of Brazil to evaluate the process of reviewing the expensive transfer contract between governments. and Petrobras. The TCU however requested more documents, deferring its decision to 2019.

"The TCU has already rendered a favorable opinion to revise the painful badignment agreement without the approval of Congress, when the bill is blocked after the entry of states and municipalities in the wheel to take some of the resources, "recalled the broker H. Commcor in a report.

The Brazilian stock market rose, but could not recover the level of 87,000 points. Ibovespa, the main stock index in the country, gained 0.64%, to reach 86,977 points. The financial recovery amounted to R $ 34.1 billion, during a session also marked by the expiration of option contracts on the Ibovespa and the future index. This trend tends to increase the volume of the trading session.

Abroad, US stock exchanges hovered around 1%.

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