THE commercial dollar The exchange rate closed this Thursday (11) with a sharp drop of 1.33%, quoted at R$ 5.1000, with a partial loss of 1.09% for the week. At its lowest point of the day, the exchange rate fell to R$ 5.0910; at its highest, it reached R$ 5.1800. In this trading session, the market adopted optimism amid expectations of a peace agreement between the United States and Iran, reducing risk aversion in international markets. During an event at the White House, US President Donald Trump stated that he had canceled a new round of attacks against Iran after negotiators made progress on points considered crucial for an agreement that could end the conflict in the Middle East. According to Trump, a definitive understanding with Tehran could be signed this weekend, possibly in European territory, with the participation of US Vice President JD Vance. Shortly after the statements, however, Iranian authorities adopted a more cautious tone. The state news agency Fars reported that the Iranian government has not yet approved any text related to a memorandum of understanding with Washington. In the economic field, investors reacted to the US producer price inflation data. Producer Price Index (PPI) It advanced 1.1% in May, repeating the variation observed in April, according to data from Department of Labor (DOL)The result exceeded market expectations, which projected a 0.7% increase. Year-on-year, the indicator accelerated from 5.7% to 6.5%, slightly above analysts' expectations of 6.4%. The figures reinforce investors' attention to the next meeting of… Federal Open Market Committee (FOMC), scheduled for next week. According to the tool FedWatchof CME GroupIn Brazil, 96.4% of market participants expect US interest rates to remain in the range of 3.50% to 3.75% per year. In Brazil, the fiscal scenario remained on investors' radar after… Constitution and Justice Committee (CCJ) of Senate The government approved, the day before, projects that could generate an estimated fiscal impact of around R$ 200 billion over the next few years. Analysts continue to assess the risks to the balance of public accounts, since the expansion of spending could hinder inflation control and limit the scope for future cuts in the basic interest rate. Among the domestic indicators, the Brazilian Institute of Geography and Statistics (IBGE) reported that the volume of services It grew 1.2% in April compared to March, when it had fallen 1.1%. With this result, the sector began operating 19.9% above the level recorded before the pandemic, in February 2020, remaining only 0.3% below the historical record reached in October 2025. For this Friday (12), investors' attention turns to the release of National Consumer Price Index (IPCA), a piece of information considered fundamental for expectations regarding the next meeting of Monetary Policy Committee (Copom).
This text was translated by machine from Brazilian Portuguese.