At 9:15 am (Brasilia time) this Friday (8), the commercial dollar registered slight decrease of 0.24%, quoted at R$ 4.9100, with an accumulated loss of 0.89% in the partial week. Yesterday (7), the exchange rate closed stable with an upward bias (+0.06%), at R$ 4.9220. Investors remain focused on the Middle East, after the United States and Iran exchanged missiles overnight, even with US President Donald Trump saying that the ceasefire remains in effect. The president met with President Lula at the White House the previous day. The meeting lasted about three hours and, according to the Brazilian head of state, mainly addressed issues related to trade between the two countries and critical minerals. Lula also said he agreed with Trump to create a working group to discuss the possibility of eliminating tariffs imposed by the US government on Brazil. The presidents, however, did not address issues such as the equation of criminal factions with terrorists and PIX, which is the target of a commercial investigation in the US. In economic news, the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre) reported that the General Price Index – Domestic Availability (IGP-DI) rose 2.42% in April, compared to a 1.14% increase in March. With this result, the index accumulates a 2.92% increase for the year and 0.78% over 12 months. In the US, the market awaits the release of the April payroll data. The expectation is that 65,000 non-farm jobs were created.
This text was translated by machine from Brazilian Portuguese.