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© Reuters. The dollar ended Thursday down and back to 3.85 reais, with an eye on performance.
By Claudia Violante
SÃO PAULO (Reuters) on the international market and after the Central Bank announced a greater intervention on the foreign exchange market, a day after the US Federal Reserve thwarted the expectations of 39, a more dovish position.
The dollar lost 0.53% to 3.8521. real in the sale, having oscillated between the minimum of 3,8347 reais and the maximum of 3,8768 reais. The dollar was down 1.21%.
"It can not be said that the Fed was" hawkish "because it reduced adjustments for next year to two, but it was less" accommodating "than Wall Street expected. "said Investment Advisor Criteria Investimentos. in report
The day before yesterday, the US central bank raised the interest rate for the fourth time this year, as expected, and claimed that "some" other "highs" will be needed next year predicting two increases next year the three he saw in September.
But the slight revision was not enough to quell the fears of the markets in the face of a slowdown in the United States linked to trade tensions, a slowing of the momentum given by the tax cuts and the tightening of corporate monetary conditions. As the business problem is still topical, Brexit and budget problems in Europe are expected to global slowdown, the market believes that the Fed should adopt a more accommodative stance as soon as possible. "
The dollar traded down against the basket of currencies and also the currencies of emerging countries, such as the Mexican peso.
Internally, the new performance of the central bank on the market Foreign exchange helped keep the dollar down.
Authorities held a new online auction – a sale with repo – with a bid of $ 1 billion. to provide liquidity to the market, which was the fourth auction of its kind in December, and the authority had already ordered two more at the end of November. in place the line contracts expiring at the beginning of December
BC sold at this session 13,83,000 traditional currency exchange contracts, equivalent to the future sale of dollars, so it reached 9,681 billion dollars out of a total $ 10.373 billion maturing in January.
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