The dollar was higher in 2 months and closing at R $ 3,806, after Bolsonaro in Davos – 22/01/2019



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The commercial dollar closed Tuesday (22), up 1.25%, or R $ 3,806 for sale, a sixth consecutive increase. This is the highest daily appreciation percentage in almost two months since Nov. 26 (+ 2.49%) and the highest closing value since January 2nd ($ 3.81). On the eve of the US currency closed on a virtually stable close, with a slight increase of 0.07%, valued at R $ 3,759.

The dollar value published daily by the press, including UOL refers to the commercial dollar.

Speech by Bolsonaro in Davos

Investors delivered a speech by Jair Bolsonaro's President at the World Economic Forum in Davos, Switzerland. The speech frustrated part of the market, which was waiting for more details on the government's pension reform proposal. The President spoke for about six minutes and made no special mention .

"[O discurso] It was generic, he read, but pbaded the message of educating the average of those who do not know what"

The reform of the social security system is considered by the market as one of the main measures taken by the government to balance the public accounts.

Foreign investors were wary of news that the US government had refused China's offer to a preparatory meeting in anticipation of negotiations scheduled for next week.

The market is concerned that this represents an increase in trade tensions between the two countries, which are currently in a tax holiday period on import taxes.

BC Performance

Sales in BC sold during this session 13, 4,000 traditional currency swap contracts, equivalent to the future sale of dollars. In this way, 10.05 billion US dollars out of the 13.398 billion US dollars expired in February. If you keep this daily offer and sell it until the end of the month, you will have done the complete tour.

(With Reuters)

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