Dollar shrinks on weekdays and closes under $ 3.90 | Economy



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The dollar closed on Friday (6), putting the spotlight on the foreign scene and cautious investors on the upcoming movements of the Brazilian central bank – whether it will return to the market or remain in the market. outside as in the past days, reports Reuters.

The dollar fell 1.57% to 3.8702 reais on the sale, ending the week down 0.17%. At the peak of the day, it reached R $ 3,953. See more quotes. Tourism in dollars was sold close to R $ 4.04, excluding the financial transaction tax (IOF).

"The (American) currency continues to appreciate strongly relative to the real, and the US dollar continues to rise sharply against the US dollar."

Dollar variation in 2018

showing that the market tested the monetary authority, "Rico Investimentos wrote in a report.

The creation of vacant jobs in June was larger than expected, but the steady rise in wages indicates moderate inflationary pressure that should keep the Federal Reserve on the trajectory of the gradual increase in interest rate.

The Fed has raised its interest rates twice this year, and interest rates are expected to rise twice this year.

The market is monitoring US interest rate indices because, at higher rates, the country would become more attractive to investments currently being applied in other markets, such as Brazil, which is motivates to the real.

Discover how credit card purchases in dollars

Discover how credit card purchases work in dollars

The president of the Central Bank of Brazil, Ilan Goldfajn, confirmed last night that it would not regulate the exchange rate because of price changes, only seeking to rebadure the market on the lack of liquidity or "panic".

has made extraordinary market interventions through auctions of new foreign exchange swaps – equivalent to the future sale of dollars – since last week.He only made sales of these contracts to refinance maturities future, as in this session

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