[ad_1]
The spot dollar closed on Thursday, December 31, down 0.99% and ended the day at its lowest since October 26 last year, before the second round of elections. , cited in R $ 3,6590. Technical factors, mainly the definition of the Ptax benchmark of the month of January and the economic situation, such as the fall of the American currency abroad before the emergence and the renewed expectations of progress of the reform welfare with the end of the holidays in Congress, allowed the appreciation of the real. As a result, the Brazilian currency was one of the currencies that gained the most in value against the dollar on this fifth of the international financial market. In January, the dollar was down 5.6%, the strongest since October, down 8%. The dollar has only fallen more than the Russian ruble (-5.5%) and the South African rand (-8%).
Sales in dollars, that is, the bet on the fall of the currency, led the best of the dispute for Ptax, the benchmark that will be used from Friday for the settlement and adjustments of foreign exchange contracts and foreign exchange swap agreements. The tax fell 1.7% today and closed the month of January at R $ 3,65919.
In the opinion of the Chief Economist of Continuum Economics for Latin America, Pedro Tuesta, the "dovish" message of the Federal Reserve (Fed, the US central bank) that will maintain interest rates longer combined with local optimism with social security and the trend is for the consolidation of the dollar below R $ 3.70 in the coming days. The decline in country risk, as measured by the Credit Default Swap (CDS), also contributed to increased pressure on the currency. This Thursday, the indicator fell to 162 points, its lowest level since March and a level comparable to that of the country when it was clbadified in the investment category. . In the afternoon of this Thursday, Plbadto spokesman said the text was in the final stages of preparation. In addition, the signal is that the military is going into reform, even though changes in their system may be made by law. For Legacy Capital Chief Economist Pedro Jobim, it is possible that the text will go through Congress in the first half of the year. "The political capital of the government is strong," he said. Jobim thinks it's highly likely that MP Rodrigo Maia (DEM-RJ) will be re-elected mayor on Friday, with minimal support from the left, reinforcing the idea that social security reform will advance. [19659002] In the United States, after the Fed meeting, it has increased, but it will take even longer for interest rates to rise again. JPMorgan strategists are talking about the possibility of an extension of the break in increases until 2020. This scenario is expected to help weaken the dollar in the international market, said JP's report Thursday.
Source link
