The dollar followed fifth and goes to R $ 3.7606

<img src = "https://cdn-istoe-ssl.akamaized.net/wp-content/uploads/sites/14/2018/10/7fff5727c3d8b33de2a8861a7f705ef4f079c8ac-418×235.jpg" title = "Dólar tem quinta alta seguida The dollar had a fifth consecutive day of appreciation and closed on Monday, the first day of the year, 21, at R $ 3.7606, with a maximum of 0.20% Because of US vacations, the volume of domestic trade was three times less than on a normal day The external scenario, marked by the appreciation of the dollar relative to Emerging currencies such as Mexico and Turkey, and commodity exporting countries such as Australia, eventually exerted pressure on local prices, and foreign exchange bureaus also monitored the arrival of the country. President Jair Bolsonaro in Davos and allegations concerning his son Flávio remained under investor scrutiny, though they did not serve as a catalyst for the prices on Monday.

The dollar has slowed the pace of transactions. The afternoon peaked at $ 3.78, the highlight of the day, due to the cautious international market after the release of data from the Chinese economy that revived concerns about the directions of the world economy. Then, the International Monetary Fund (IMF) reduced the growth forecasts of the gross domestic product (GDP) of the global economy, which fueled the cautious tone of investors.

Societe Generale economists note that the "global makes the annual route to Davos" amid growing concerns about global GDP. In the surrounding area, the Brazilian delegation led by Bolsonaro and the Minister of the Economy, Paulo Guedes, are focusing on the issue. JPMorgan strategists expect the president to give the green light to pension reform after his return from Switzerland. Concern for the final text increases, insofar as nothing concrete is known about the reform, mentions only the press, stresses the justice of the peace. The Davos World Economic Forum begins on Tuesday and Bolsonaro will be the first Latin American president to speak at the opening session.

but without influence on prices. One of the fears is that, if the denunciations progress, they can begin to influence the scenario of the progress of social protection in Congress. For the moment, the market is focused on the presentation of the final proposal, which is expected to take place on the return of Bolsonaro from Davos, according to a report by the economist Continuum Economics for Latin America, Pedro Tuesta. He points out that investor optimism has declined in recent days precisely because of a lack of insight into the terms of the reform. Until the text appears, he expects the dollar to remain in the range of R $ 3.75.