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The real and the Argentine peso were the weakest currencies against the US dollar on this second
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For December, the forecast for the US dollar in Brazil was raised to 3.80 reais (US $). Jose Luis Gonzalez / Reuters)
The dollar had a volatile morning, but was high in the afternoon of Monday and rose 0.34%, ending the day at 3.88627 real The real and the Argentine peso are among the poorest currencies against the United States Monday (16), considering the main emerging countries.
The dollar has fallen against currencies like the peso and the South African rand Operators report that the more cautious external scenario, marked by a sharp drop in oil prices Monday (16), and concerns about the Brazilian electoral scenario are among the
The liquidity of the market was lower than other days and, according to the operators, the movements of purchase of some treasures of banks and d & # 39; importers encouraged the rise of the currency. On the futures market, the turnaround was $ 11 billion at 5:20 pm
. In the cash market, liquidity was $ 611 million, half of the other sessions. The minor recovery reflects caution in the face of major events in the coming days, which includes two statements to the US Congress of the President of the Federal Reserve (Fed, US Central Bank), Jerome Powell, Elections "very uncertain "should continue to contribute to the dollar pressure in Brazil, predicts the US bank JPMorgan, noting that the already weak fiscal prospects of the country could be further deteriorated by measures being discussed in Congress which could either increase public spending or reduce collection.
The bank sees the chance that the real will reach 4.00 reais in September, that is to say. , one month before the elections. Another factor that should continue to push the dollar is the widening of trade tensions between the United States and China said Monday the bank's report. For December, the forecast of the US dollar in Brazil rose from 3.60 reais to 3.80 reais
In the evaluation of the economist and director of the Brokerage NGO, Sidnei Nehme,
According to him, there is no demand for protection of the exchange rate in addition to the renewal of contracts expiring in August that the Central Bank has already done every day. In the expectation of Nehem, with the current fundamentals, the US currency rate is "sustainable" between 3.80 reais and 3.95 reais, a value that has rocked in recent weeks.
