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SÃO PAULO – Cash outflows observed throughout the month of December are ending and the pressure exerted on the foreign exchange market is very strong. With this, the real finds a space to record good performances and takes advantage of the new positive policies in the eyes of the investors to appreciate them. The US dollar closed down 1.43% to R $ 3.7542 after performing well in yesterday's trading session.
"We had the strong dollar in December because of the strength Brazil, which is normal at this time of the year, ended up having a big influence on the coupon of the stock exchange." Now the pressure is relaxed and the market benefits from a stronger adjustment, "said José Carlos Amado, currency trader at Necton Investimento. The recent high move has strengthened in mid-November and the dollar has escaped from R $ 3.73, touched R $ 3.92 in mid-December and ended the month at 3 R $ 87.
The technical aspect leaves room for the real to get back in the know. Luciano Rostagno, chief strategist at Banco Mizuho, said that the improvement had gained momentum after the announcement of PSL's support for Rodrigo Maia's candidacy in the House, and the Investiture of Paulo Guedes to the post of Minister of the Economy, which extended "The monetary movement being mastered abroad, he left the opportunity to the economy to continue to develop ", he said in a statement. the real upsurge against the dollar, "said Rostagno
José Faria Junior, director of Wagner Investimentos, sees a possibility of falling technical aspects of this market.In his opinion, under the barrier of 3.80 R $, the trend is downward dollar, from R $ 3.70 to R $ 3.65 .It sees the influence of the movement of foreign investors, who have reduced the long positions on the foreign exchange market, and hope for an influx of resources in the country at the beginning of the year.
According to him, the foreign currency position of foreigners fell by 40 billion US dollars. dollars compared to the middle of last month, and the trend is that this amount will continue to be reduced. "I think the resource outflows of the country we experienced at the end of the year are past and the dollar still has more room to maneuver. I'm expecting to see resource inflows and a further reduction in the position purchased. "According to the professional, when reviewing the Brazilian and Brazilian real CDS, the dollar should be closer to the level of 3 , R $ 50 than R $ 3.80.
Today, the Central Bank has followed its strategy of rolling currency exchange contracts and has sold 13,400 new contracts, of which l & # 39; The deadline was November 2019.
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