The dollar closed moderately lower on Friday, at R$ 5.06.

THE commercial dollar The exchange rate closed this Friday (12) with a moderate drop of 0.82%, quoted at R$ 5.0580, with an accumulated loss of 1.90% for the week. At its lowest point of the day, the exchange rate fell to R$ 5.0560; at its highest, it reached R$ 5.1160. In this trading session, the market reflected the improved risk appetite amid expectations of an agreement between the United States and Iran. Iranian authorities signaled progress in negotiations with Washington, fueling the perception of a possible reduction in tensions in the Middle East. In this scenario, oil prices fell in the international market, reflecting expectations of lower risk to the global energy supply and the possibility of resuming ship traffic through the Strait of Hormuz. On Wall Street, investors also followed SpaceX's debut on the Nasdaq. The company founded by Elon Musk surpassed the US$ 2 trillion mark in market value. In the initial trading indications, the shares were priced at around US$175 per share, about 30% above the US$135 price set in the initial public offering (IPO), consolidating the largest IPO in history. In the economic field, US consumer confidence advanced for the first time in four months. Furthermore, long-term inflation expectations fell from 3.9% in May to 3.4% in June, according to a survey by the University of Michigan. In Brazil, the main highlight was the release of… National Consumer Price Index (IPCA)According to the Brazilian Institute of Geography and Statistics (IBGE), inflation rose 0.58% in May, slowing down compared to the 0.67% increase recorded in April. With this result, the… IPCA It has accumulated a 3.20% increase in the year and 4.72% in the last 12 months, above the 4.39% observed in the previous reading. Market attention now turns to next Wednesday (17), when the so-called "Super Wednesday" will take place, with the monetary policy decisions of Monetary Policy Committee (Copom), in Brazil, and from Federal Open Market Committee (FOMC)In the US, the Selic rate is currently at 14.50% per year, while US interest rates remain in the range between 3.50% and 3.75% per year.

This text was translated by machine from Brazilian Portuguese.