The commercial dollar closed this Wednesday (3) with a slight decrease of 0.36%, quoted at R$ 5.3100, with a partial loss of 0.45% for the week. At its lowest point today, the exchange rate fell to R$ 5.2970; at its highest, it reached R$ 5.3220. In this trading session, the market was mainly influenced by the data from the ADP jobs report, which recorded a drop of 32,000 jobs in the private sector in November, contradicting expectations and reinforcing the reading of a slowdown in the US economy. The data increased bets that the Federal Reserve (Fed) It could cut interest rates as early as next week. According to… FedWatchof CME GroupCurrently, the market is pricing in an 89% probability of a rate cut—well above mid-November projections. Investors are also monitoring the possibility that Kevin Hassett, the current White House economic advisor, will be nominated by Donald Trump to assume the presidency. Fed In 2026, Hassett is seen as more inclined to advocate for lower interest rates, which reinforces the view of an expansionary monetary policy going forward. Also in the US, the The S&P Global Composite PMI has exited 54.6 in October for 54.2 in November, while the Services PMI (ISM) rose from 52.4 to 52.6 During this period, although the data is mixed, it shows a loss of momentum in some segments and resilience in others. In Brazil, the service sector returned to growth after seven months of contraction. Services PMI, calculated by S&P GlobalThe index rose from 47.7 to 50.1, reaching its highest level in eight months and surpassing the 50-point threshold that separates contraction from expansion. In the political arena, market participants are awaiting the vote on… 2026 Budget Guidelines Law for the Joint Budget Committee (CMO), following the cancellation of the previous session.
This text was translated by machine from Brazilian Portuguese.