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SÃO PAULO, Brazil (Reuters) – The dollar rose about 1% and surpbaded the Reader level of 3.90 on Monday, following the outside scene with movements of risk aversion and without extraordinary shares of the Brazilian Central Bank
The dollar rose by 0.56% to 3.7777 reais in the sale, after the end of June with appreciation of 3.76%, fifth month following in elevation, period in during which the cumulative gains of nearly 22% "The trade dispute between the United States and China remains at the center of the markets, supporting the strong dollar," said the broker Rico Investimentos in a report, citing the low financial volume due to Brazil's match against Mexico by
Abroad, the dollar has risen by about 0.45% against a basket of currencies and currencies of emerging countries like the Chilean peso, investors being enlarged the surfact intensification bets trade between the United States and its trading partners.
Tension increased before July 6, when the United States imposed $ 34 billion on Chinese exports.
And even with the strong appreciation of the dollar to reality, the OC had not yet announced additional interventions on the foreign exchange market at this session. For the moment, it has offered and sold in full only up to 14,000 traditional swaps, equivalent to the future sale of dollars, for rolling contracts that expire in August.
With this, rolled the equivalent of $ 700 million of the total $ 14.023 billion that wins next month.
On Friday night, the OC indicated that it would continue to work in a coordinated manner with the Treasury on the market in order to "provide liquidity and contribute to its smooth operation", and that it would fully renew the expected swaps in August.
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(By Patricia Duarte)
Copyright Thomson Reuters 2018
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