The dollar has the highest weekly decline in 3 months and close at R $ 3,715, with Bolsonaro – 01/04/2019



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The commercial dollar closed this Friday (4) down 1.04%, valued at R $ 3,715 on the sale, followed by the fifth retirement. This is the lowest closing value in more than two months since November 1 (R $ 3,694).

Thus, in the first week with Jair Bolsonaro under the presidency of Republic, the currency on Thursday (5) the dollar lost 1.46% accumulates the devaluation of 4.15%, modifying the third week followed by the fall. This is the largest weekly decline in three months, since October 5 (-4.46%)

The dollar value published daily by the press, including UOL refers to the dollar commercial.

Interest in the United States

The dollar worked, but fell early in the afternoon after the Fed chairman (Federal Reserve, Federal Reserve). US central bank), Jerome Powell, said that despite the good timing, the US central bank would be sensitive to the downside risks that the fixed-market marketplace . "We are always ready to change the direction of monetary policy if it sees fit, if necessary," he said.

Powell's statement was hailed by investors who speculated that the Fed could slow the pace of rising interest rates. interest rate.

Commercial War

The market was also optimistic with the announcement of a new round of talks between China and the United States early next week.

In addition, China cut the compulsory banks to help support the economy, which is suffering the effects of the trade war with the United States. Mandatory is the proportion of reserves that banks must keep.

Pension Reforms

In Brazil, investors pondered the interview of President Jair Bolsonaro the day before, in which he had announced that he would make a pension reform more lenient than expected. According to the president, the government estimates a minimum retirement age of 62 for men and 57 for women .

BC Performance

BC sold 13,400 currency swap contracts during this session. traditional, equivalent to the future sale of dollars. It has thus injected 2.01 billion USD out of a total of 13.398 billion USD having expired in February. If you keep this daily offer and sell it by the end of the month, you will get the full roll.

(Com Reuters)

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