The dollar ends the first trading day of the week down, at R$ 5.14.

THE commercial dollar The exchange rate closed this Monday (22) with a moderate decrease of 0.50%, quoted at R$ 5.1390. At its lowest point of the day, the exchange rate fell to R$ 5.1220; at its highest, it rose to R$ 5.1580. In this trading session, the market gave back part of the gains observed last week, as it adopted a more cautious tone while evaluating new data from the domestic market. Among the highlights of the day was the release of Focus Bulletinof Central Bank (BC)The new document showed that the expectation for the Selic rate at the end of 2026 rose from 13.75% to 14.00% per year, marking the third consecutive upward revision. This movement occurs after… Monetary Policy Committee (Copom) The Central Bank reduced the basic interest rate by 0.25 percentage points last Wednesday (18), to 14.25% per year. If market projections are confirmed, the Central Bank would have room for only one more cut of the same magnitude in this monetary easing cycle. Now, attention turns to the release of the minutes of the last meeting of Copom, scheduled for this Tuesday (23), a document that could bring additional signals about the next steps of monetary policy. The performance of also influenced the trades BC In the foreign exchange market, the monetary authority carried out a sale of US$1 billion in spot currency, accompanied by the offer of 20,000 currency swap contracts, equivalent to another US$1 billion. Known among market participants as the "big deal," the operation aims to reinforce market liquidity. In the political arena, investors continued to monitor developments from the most recent poll. DatafolhaThe survey released on Saturday (21) showed President Luiz Inácio Lula da Silva with 47% of voting intentions in a possible second round, against 43% for Senator Flávio Bolsonaro, repeating the result observed in the previous survey. In the international scenario, oil prices fell again, pressured by progress in diplomatic negotiations between the United States and Iran. US President Donald Trump stated that Tehran agreed to allow comprehensive inspections of its nuclear program, reinforcing the perception of progress in the talks recently held in Switzerland. In addition, investors monitored political events abroad, including the resignation of British Prime Minister Keir Starmer and the election of Abelardo de la Espriella in Colombia.

This text was translated by machine from Brazilian Portuguese.