The dollar exceeds R $ 3.90 without the intervention of British Columbia

// iStock)

The Dollar jumped almost 0.9% on Monday and exceeded the level of R $ 3.90 according to the external scenario with movements of more risk aversion and without extraordinary interventions of Bank Central . The currency closed at 3,9111 reais on sale, the highest since June 7, when reached 3,9258 reais . This is the second increase followed by US currency which ended Friday at 3,877 reais.

In June, the dollar closed with a cumulative appreciation of 3.76%. This is the fifth consecutive month of increase, a period in which it rose 22% against the real .

The low volume of financial transactions in the morning, due to the game Brazil and Mexico for the 16th of the World Cup, and the external scenario marked by the commercial tension between the United States and China are pointed out by the Rico Investments brokerage as possible causes of the jump. Friday, the United States should estimate about 34 billion dollars of Chinese products – and the Asian country must develop a response to the height. high, there has been no extraordinary dollar auction from the central bank in the second session – the mechanism that the institution uses to contain the 39, advance of the US currency. The BCB has chosen to maintain the sale of the planned lot of 14,000 foreign exchange swaps

The foreign exchange swap is a resource to ease the pressure of changes in the foreign exchange market. Through these contracts, the Central Bank agrees to pay the investor the appreciation of the dollar, while the investor agrees to pay the government the value of the Selic rate. Thus, the swap reduces speculative movements because it discourages the purchase of dollars.