THE commercial dollar closed this Wednesday (8) with a moderate decrease of 0.93%, at R$ 5.1020, the lowest value since May 2024, with a depreciation of 1.09% so far this week. At its lowest point of the day, the exchange rate fell to R$ 5.0630At its peak, it rose to R$ 5.1170.
Oil prices fall, easing inflationary pressure.
In this trading session, the downward movement was driven by the easing of geopolitical tensions, following the announcement of a temporary ceasefire between the United States and Iran, which reduced the perception of global risk and favored higher-risk assets, such as emerging market currencies. With the reopening of the Strait of Hormuz With expectations of a normalization in oil flows, commodity prices fell to below $100 per barrel, easing inflationary concerns in the global scenario. Negotiations for A final agreement should begin on April 10th., in Islamabadno PakistanIran, the country that mediated the initial truce. Uncertainties still limit optimism. Despite the initial relief, investors remain cautious given doubts about the effective resumption of logistics in Hormuz and the fragility of the agreement. Iranian press reports indicated a new closure of the strait after alleged ceasefire violations by Iran. Israelthat intensified attacks on Lebanon versus HezbollahThe episode exposes the complexity of the conflict, which still involves multiple actors in the region. Pakistani Prime Minister Shehbaz Sharif, he even stated that the Lebanon It would be included in the ceasefire, but Israeli authorities denied this and indicated that military operations would continue. President of the United States, Donald Trump, He also stated that Lebanon is not part of the agreement.
Fed remains cautious about inflation.
In the macroeconomic field, the minutes of the last meeting of Federal Open Market Committee (FOMC)The survey, conducted in March, showed that some of the leaders of Federal Reserve The document indicates that most members continue to project interest rate cuts in their baseline scenario, reflecting an environment of uncertainty regarding the trajectory of monetary policy in the coming years. It also mentions the possibility of raising interest rates if inflation remains above the 2% target. United States.
Domestic scenario on the radar
Node BrazilThe market also followed statements from the president of… Central Bank, Gabriel Galípolo, who stated that there was no evidence of irregularities in the actions of the institution's former president, Roberto Campos Neto, in the case involving Master Bank. Furthermore, new election polls They indicated a technical tie between the president. Luiz Inácio Lula da Silva and the Senator Flávio Bolsonaro in the race for the Executive branch, reinforcing the scenario of political uncertainty in the country.
This text was translated by machine from Brazilian Portuguese.