THE commercial dollar The exchange rate closed this Friday (19) with a slight decrease of 0.15%, quoted at R$ 5.1650, but with an accumulated gain of 2.12% for the week. At its lowest point of the day, the exchange rate fell to R$ 5.1330; at its highest, it rose to R$ 5.1690. In this trading session, the market operated at a slower pace due to the Juneteenth holiday in the United States, which reduced global liquidity and led investors to adjust positions after the strong gains recorded throughout the week. Even so, the scenario continued to be influenced by the monetary policy decisions announced on the so-called Super Wednesday. The Federal Reserve (Fed) kept US interest rates between 3.50% and 3.75% per year. In Brazil, the Monetary Policy Committee (Copom) reduced the Selic rate by 0.25 percentage points, to 14.25% per year. In the international arena, investors followed the developments in negotiations between the US and Iran. The meeting that was to be held in Switzerland to discuss the implementation of the peace agreement signed this week was canceled, increasing uncertainties about the diplomatic process. The suspension of talks contributed to a recovery in oil prices, as the market once again incorporated risks related to the global energy supply and the stability of the Middle East region. In the domestic market, the focus remained on the Federal Police operation investigating alleged irregularities involving Banco Master. The investigations reached Senator Jaques Wagner (PT-BA), the government leader in the Senate, increasing the attention of financial agents on the political environment. For next week, investors will follow the international agenda of Finance Minister Dario Durigan, who departs for China on Monday (22). Meetings are scheduled with the president of the New Development Bank (NDB), Dilma Rousseff, and with the Chinese Finance Minister, Lan Fo'an, amidst efforts to expand economic cooperation between the two countries.

This text was translated by machine from Brazilian Portuguese.